Foreclosure activity up 30% in Q3 according to RealtyTrac US foreclosure market report

RealtyTrac made public its Q3 2007 U.S. Foreclosure Market Report, which shows a total of 635,159 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 446,726 properties nationwide during the Q3, a 30% increase from the previous quarter and nearly a doubling of the rate from 3Q06. The report also shows a foreclosure rate of one foreclosure filing for every 196 U.S. households for the quarter.