A total of 106 new foreclosures were filed in August, up 26% from the 84 filed in August of 2007. This graphs shows the monthly trend dating back to January of 2005. Foreclosures have been increasing on a year-over-year basis (noted by the red data points) for most of the past three years.
On a year-to-date basis, Dane County foreclosures are up by 51%.
When will foreclosures begin to decrease in a meaningful way? Most likely it's going to take some time. According to the Mortgage Bankers Association, a record 9% of all loans are either delinquent or in the process of foreclosure.
For more information on Dane County foreclosures, visit the Economic Trends page at DaneCountyMarket.com.
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