Reply #6: US home foreclosures jump 14% in 2nd quarter: survey

[ozymandius]

WASHINGTON (AFP) - US home foreclosures leapt nearly 14 percent in the second quarter from the previous quarter, research group RealtyTrac said Friday in a sign of deepening housing woes.

On an annual basis, home foreclosure filings soared 121 percent from the same period in 2007, RealtyTrac said in releasing a survey of the country's 100 largest metropolitan areas.

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RealtyTrac said that foreclosure filings were reported on 739,714 US properties during the second quarter.

The California-based company said that one in every 171 US households had received a foreclosure filing and the distress was nationwide.

http://news.yahoo.com/s/afp/20080725/bs_afp/uspropertyfinanceforeclosure_080725095713