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Published: June 13, 2008 12:51 pm    print this story   email this story   comment on this story  

Pa. foreclosure filings slid 1.5 percent from April to May

Associated Press

HARRISBURG Pennsylvania’s home foreclosure rate showed slight improvement in May, but it remains well above last year’s rate.

Foreclosure listing company RealtyTrac said Friday that a total of 3,216 Pennsylvania homes received at least one foreclosure-related filing in May.

RealtyTrac said that was a drop of 1.5 percent from April, but an increase of 11 percent above May 2007.

Pennsylvania’s housing market remains relatively buffered from the mortgage crisis, with a foreclosure rate that RealtyTrac said is well below the national average.

Nationally, foreclosures rose 7 percent from April to May and 48 percent from May 2007.

Nevada, California, Florida, Michigan and Arizona posted the highest foreclosure rates in May.

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