Dane County foreclosures up over 25% in February

Dane County foreclosures increased from 89 in February of 2008 to 112 last month - an increase of 25.8%.

Here's how foreclosures have stacked up over each of the last 6 Februarys:

• February 2004: 31
• February 2005: 27
• February 2006: 62
• February 2007: 67
• February 2008: 89
• February 2009: 112

We've covered how foreclosures have overtaken new construction as a source of housing inventory. Foreclosures continue to increase while housing starts are on the decline. We'll take a closer look at housing starts soon.

For our full February foreclosure report, you can visit the economic trends page at DaneCountyMarket.com.

Have a good day,

Dan Miller, Keller Williams Realty and DaneCountyMarket.com