The number of foreclosures in Louisiana was up 9.83% in July when compared to a year earlier, three times smaller than the nationwide increase. RealtyTrac, which tracks foreclosures nationally, says there was one foreclosure for every 1,664 housing units in Louisiana, compared with a national rate of one foreclosure per 355 homes. The number of foreclosures in Louisiana actually dropped by 23% when compared to June; at the same time, the national numbers were up 6.74%. Louisiana ranked 40th for foreclosures, while Nevada had the highest rate for the 31st consecutive month. One out of every 56 homes in Nevada is in foreclosure, says RealtyTrac. At the same time, Vermont continued to have the lowest rate, with one foreclosure per 28,312 homes.
Louisiana foreclosure rate increases by 9.8%
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