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.
