Although October was another big month for foreclosures in Wisconsin, it was down slightly from the records set in September and also down from the October 2008 numbers.
Foreclosure numbers for October 2009 and YTD.
October 2009: 2,609
October 2008: 2,706
YTD Through end of October 2009: 25,601
YTD Through end of October 2008: 21,174
On a percentage basis, October 2009 was a 4% decrease from October 2008.
YTD 2009 is a 21% increase over the same period in 2008.
Milwaukee County Numbers
October 2009: 595
October 2008: 735
YTD Through end of October 2009: 5,991
YTD Through end of October 2008: 5,388
On a percentage basis, October 2009 was a 19% decrease from October 2008.
YTD 2009 is a 11% increase over the same period in 2008.
September 2009 Wisconsin Foreclosure Numbers
September was the record for foreclosures in a single month in Wisconsin, eclipsing the record number from July.
Foreclosure numbers for September 2009 and YTD.
September 2009: 2,792
September 2008: 2,083
YTD Through end of September 2009: 22,981
YTD Through end of September 2008: 18,468
On a percentage basis, September 2009 was a 34% increase over September 2008.
YTD 2009 is a 24% increase over the same period in 2008.
Milwaukee County Numbers
September 2009: 633
September 2008: 522
YTD Through end of September 2009: 5,396
YTD Through end of September 2008: 4,653
On a percentage basis, September 2009 was a 21% increase over September 2008.
YTD 2009 is a 14% increase over the same period in 2008.
Foreclosure numbers for September 2009 and YTD.
September 2009: 2,792
September 2008: 2,083
YTD Through end of September 2009: 22,981
YTD Through end of September 2008: 18,468
On a percentage basis, September 2009 was a 34% increase over September 2008.
YTD 2009 is a 24% increase over the same period in 2008.
Milwaukee County Numbers
September 2009: 633
September 2008: 522
YTD Through end of September 2009: 5,396
YTD Through end of September 2008: 4,653
On a percentage basis, September 2009 was a 21% increase over September 2008.
YTD 2009 is a 14% increase over the same period in 2008.
August 2009 Wisconsin Foreclosure Numbers
Foreclosure numbers for August 2009 and YTD.
August 2009: 2,484
August 2008: 1,920
YTD Through end of August 2009: 20,189
YTD Through end of August 2008: 16,385
On a percentage basis, August 2009 was a 29% increase over August 2008.
YTD 2009 is a 23% increase over the same period in 2008.
Milwaukee County Numbers
August 2009: 558
August 2008: 507
YTD Through end of August 2009: 4,763
YTD Through end of August 2008: 4,131
On a percentage basis, August 2009 was a 10% increase over August 2008 in Milwaukee County.
YTD 2009 is a 15% increase over the same period in 2008.
The way I interpret these numbers is that Milwaukee had more subprime loans which were the first loans to start defaulting. This subprime bubble of foreclosures occurred in 2007 and 2008 and has now shifted to more prime loans. Thus comparing 2009 to 2008 shows less of an increase for Milwaukee county than for the state as a whole.
August 2009: 2,484
August 2008: 1,920
YTD Through end of August 2009: 20,189
YTD Through end of August 2008: 16,385
On a percentage basis, August 2009 was a 29% increase over August 2008.
YTD 2009 is a 23% increase over the same period in 2008.
Milwaukee County Numbers
August 2009: 558
August 2008: 507
YTD Through end of August 2009: 4,763
YTD Through end of August 2008: 4,131
On a percentage basis, August 2009 was a 10% increase over August 2008 in Milwaukee County.
YTD 2009 is a 15% increase over the same period in 2008.
The way I interpret these numbers is that Milwaukee had more subprime loans which were the first loans to start defaulting. This subprime bubble of foreclosures occurred in 2007 and 2008 and has now shifted to more prime loans. Thus comparing 2009 to 2008 shows less of an increase for Milwaukee county than for the state as a whole.
July was a record month for Wisconsin foreclosures
New foreclosure filings totaled 2,760 for the month of July.
This is a new record high for a single month.
Contrast this total with 1,793 for July of 2008 and 2,482 for June.
And the previous 5 months where were:
The other very interesting thing to note is that over the past several years, foreclosures have dipped in the summer.
July is usually a low point, not a high point.
This is a new record high for a single month.
Contrast this total with 1,793 for July of 2008 and 2,482 for June.
And the previous 5 months where were:
| Feb | 2,350 |
| March | 2,681 |
| April | 2,543 |
| May | 2,201 |
| June | 2,482 |
The other very interesting thing to note is that over the past several years, foreclosures have dipped in the summer.
July is usually a low point, not a high point.
More Moving Averages
I thought it would be interesting to extract Milwaukee out of the statewide numbers. Below are two graphs over the last 900 business days. The first is the statewide number excluding Milwaukee, the second is for just Milwaukee county.
What is interesting to me is that Milwaukee is not going along with the "normal" summer decline in new filings.
What is interesting to me is that Milwaukee is not going along with the "normal" summer decline in new filings.
50 Day Moving Average Revisited
Pictures are worth a thousand words, so this is a lengthy post. :)
Here is a simple graph of new pre-foreclosure filings in the state of Wisconsin. Compare this with the same chart I created in January. This chart is of a moving average over the past 400 business days.
Last year there was a sharper peak in the spring with a more substantial drop in the summer, especially August and September. Maybe we will still see that drop this year, but I expect not.
Here is a simple graph of new pre-foreclosure filings in the state of Wisconsin. Compare this with the same chart I created in January. This chart is of a moving average over the past 400 business days.
Last year there was a sharper peak in the spring with a more substantial drop in the summer, especially August and September. Maybe we will still see that drop this year, but I expect not.
April 2009 Wisconsin New Foreclosure Filings Maintain Rate
New foreclosure filings in Wisconsin continue to be filed at a rate of roughly 120 per day. April was no exception with roughly 118 new foreclosure filings per business day.
Almost 2,540 new foreclosure filings were filed in Wisconsin during the month of April.
With 21.5 business days in April (half day for Good Friday), this continues the trend of roughly 120 new foreclosure filings each business day - a trend that has continued for the entire year.
Almost 2,540 new foreclosure filings were filed in Wisconsin during the month of April.
- 20% increase over April 2008
- 5% decrease from March 2009
With 21.5 business days in April (half day for Good Friday), this continues the trend of roughly 120 new foreclosure filings each business day - a trend that has continued for the entire year.
Subscribe to:
Posts (Atom)
Labels
- analysis (7)
- definitions (1)
- short sale (1)
