261,255 homes received at least one foreclosure-related filing in May, up 48 percent from 176,137 in the same month last year and up 7 percent from April, foreclosure listing service RealtyTrac said Friday.
A Credit Suisse report from this spring predicted 6.5 million loans will fall into foreclosure over the next five years, reaching more than 8 percent of all U.S. homes.
On the local scene, Tucker said that home sales dip 15.4% in May. They also said that he average home price dropped 3.3% over the same period last year.
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