Tuesday, March 17, 2009

When 40th is better than 1st!

Abandoned House, Baton Rouge LA 3/2009
All reproduction rights reserved Wm. Greiner

The foreclosure rate in Louisiana remained below the national average in February, despite a big jump in seizures from the previous month. According to RealtyTrac, one out of every 2,742 Louisiana homes was in some state of foreclosure last month, compared with the national average of one for every 440 homes. That put Louisiana 40th in a ranking of foreclosure rates by states and the District of Columbia. Foreclosures were up 40% from January, but only 4.3% when compared with February 2008.

Baton Rouge Business Report 3/17/09