Connecticut Foreclosures Jump 22 Percent - NBC Connecticut

Connecticut Foreclosures Jump 22 Percent



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    On average, one of every 622 houses in the state is in foreclosure, according to a new report. The foreclosure rate in the state jumped 22 percent from June to July, according to figures RealtyTrac released on Thursday.

    About 2,300 foreclosures were filed in Connecticut in July, up from about 1,900 in June and 48 percent more than in July 2009.

    Rates are worst in Windham Country, where 1 in 432 houses was in foreclosure, but most of the foreclosures are in New Haven Country, where filings have been made for 654 houses.

    Most of those houses were in Waterbury, where 136 houses have been foreclosed on, followed by New Haven, where 91 houses are in foreclosure.

    Bridgeport was also hit hard, with 164 foreclosures. The city has also experienced the biggest decline in home prices. The average home price is $154,645, down 6 percent based on the last two quarters.

    Connecticut's foreclosure rate, however, was better than the national average of one in every 397 homes having a foreclosure filing. Connecticut had the 20th highest foreclosure filings rate in the country.

    Nevada had the worst rate, one in every 82 homes, while West Virginia had the lowest rate, one in every 10,307 homes.

    Total national foreclosure filings hit about 325,200 in July, a 4 percent increase compared with June.

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