Foreclosures up, housing starts down

We've written in previous months how foreclosures have surpassed new home construction as a source of inventory. The trend continues.

A total of 107 Dane County foreclosures were filed in May, up from the 105 filed last May.

Meanwhile 54 Dane County housing starts were recorded last month, down from the 64 new housing starts recorded in May of 2008.

For more info on the latest foreclosure trends, you can view our full foreclosure report on the economic trends page at DaneCountyMarket.com.

You'll find our full housing start report on the real estate trends page at DaneCountyMarket.com.

A special thanks to Dominic Collar from MTD Marketing Services of Wisconsin for sharing his housing start data. For more information about his statistics, feel free to contact Dominic at 920/993-8435.

Have a good weekend,

Dan Miller, Keller Williams Realty and DaneCountyMarket.com