A report filed by RealtyTrac, an organizations measuring nationwide foreclosure statistics, found that foreclosures both declined and rose in February 2012. While February had 8% fewer foreclosures than one year ago, experts say that foreclosure rates are rising in major cities. In fact, some twenty one states reported an increase in foreclosure rates between January and February of 2012– Florida was among these states, with growing foreclosures in major cities like Tampa and Miami. Foreclosure statistics are measured by taking into account all foreclosure activity across the country– including defaults on loans, repossessions, and auctions. New York state, however, had one of the lower foreclosure rates among states, despite New York City being on the list of cities with rising foreclosures.
You can read RealtyTrac’s full report here.