{"id":793,"date":"2007-05-15T09:08:00","date_gmt":"2007-05-15T16:08:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=793"},"modified":"2007-05-17T22:10:56","modified_gmt":"2007-05-18T05:10:56","slug":"king-county-foreclosures-keep-rising","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2007\/05\/15\/king-county-foreclosures-keep-rising\/","title":{"rendered":"King County Foreclosures Keep Rising"},"content":{"rendered":"<p>April foreclosure stats from RealtyTrac have been released.  No surprise: <a href=\"http:\/\/seattlepi.nwsource.com\/business\/315706_foreclosure15.html\" title=\"More homeowners in area facing possible foreclosures\">area foreclosures still on the rise<\/a>.<\/p>\n<blockquote><p>More Seattle-area homeowners are facing foreclosures this month, but the region remains far below the national rate, according to new statistics released Tuesday.The Seattle area, defined as King and Snohomish counties, had 760 foreclosure filings in April, up 16.7 percent from March, but down 2.2 percent from April 2006, according to RealtyTrac, an Irvine, Calif., company that tracks foreclosure filings. The April rate of one foreclosure per 1,287 households &#8212; better than the national rate of one for every 783 households &#8212; ranked the region 128th out of 229 U.S. metro areas.<\/p>\n<p>&#8220;Washington has really not followed into what is happening nationwide,&#8221; said Marc Gaspard, administrative director of the Washington Mortgage Lenders Association. &#8220;Certainly if you look at the Puget Sound region, our housing market may have slowed a little bit, but it&#8217;s still a very strong market.&#8221;<\/p>\n<p>King County alone had a much worse month, with foreclosures up 37 percent from a month ago and 1.7 percent from April 2006. Its rate, however, still was lower than the national rate, one foreclosure for every 1,347 households. State foreclosures were up 1.15 percent from March and 7.2 percent from a year ago, with one per 1,396 households &#8212; good for 23rd among states.<\/p><\/blockquote>\n<p>Although the trend is up, it is true that foreclosures are only <em>slightly<\/em> up.  However, even without an economic downturn (local or national) <a href=\"http:\/\/voiceofsandiego.org\/articles\/2007\/03\/20\/toscano\/931defaults0320.txt\" title=\"February Defaults\">things can change quite quickly<\/a>.<\/p>\n<p>But don&#8217;t you worry, we&#8217;re special.  That will <em>never<\/em> happen here.  The real estate agents quoted in the paper told me so.<\/p>\n<p>(<em>Aubrey Cohen, <a href=\"http:\/\/seattlepi.nwsource.com\/business\/315706_foreclosure15.html\" title=\"More homeowners in area facing possible foreclosures\">Seattle P-I<\/a>, 05.15.2007<\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>April foreclosure stats from RealtyTrac have been released. No surprise: area foreclosures still on the rise. More Seattle-area homeowners are facing foreclosures this month, but the region remains far below the national rate, according to new statistics released Tuesday.The Seattle area, defined as King and Snohomish counties, had 760 foreclosure filings in April, up 16.7&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[],"tags":[7],"coauthors":[],"class_list":["post-793","post","type-post","status-publish","format-standard","hentry","tag-foreclosures"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>King County Foreclosures Keep Rising \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2007\/05\/15\/king-county-foreclosures-keep-rising\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"King County Foreclosures Keep Rising \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"April foreclosure stats from RealtyTrac have been released. 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More Seattle-area homeowners are facing foreclosures this month, but the region remains far below the national rate, according to new statistics released Tuesday.The Seattle area, defined as King and Snohomish counties, had 760 foreclosure filings in April, up 16.7...\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2007\/05\/15\/king-county-foreclosures-keep-rising\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2007\/05\/15\/king-county-foreclosures-keep-rising\/\",\"name\":\"King County Foreclosures Keep Rising \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"datePublished\":\"2007-05-15T16:08:00+00:00\",\"dateModified\":\"2007-05-18T05:10:56+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2007\/05\/15\/king-county-foreclosures-keep-rising\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2007\/05\/15\/king-county-foreclosures-keep-rising\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2007\/05\/15\/king-county-foreclosures-keep-rising\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"King County Foreclosures Keep Rising\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. 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