How many foreclosures are occurring in Wisconsin?
In Wisconsin, the number of homes in foreclosure has been climbing since 2005. In 2008, the last year for which complete statistics are available, Wisconsin finished the year with residential foreclosure filings up more than 62 percent from 2007, also a difficult year. RealtyTrac, which tracks and sells foreclosure data, reported Wisconsin had 19,695 properties in some form of foreclosure last year. With one of every 128 homes in foreclosure during 2008, Wisconsin’s foreclosure rate ranked 28th highest in the nation. On a national level this year, foreclosure filings were reported on 321,480 properties in May, down 6 percent from April’s levels, but up 8 percent from the same month a year earlier. Experts predict foreclosure filings in Wisconsin will continue to rise until the economy stabilizes and the unemployment rate begins to improve.
