"Yes, this is sarcasm but I just need to bitch slap the Bots one more time."
Slap them with what? Did you geniuses ever think that with record home-ownership will come record foreclosures? With record car sales come record repos. With I'm supposed to be surprized by that, or even worse, like you, think it reflects negatively on the President? Sorry, not gonna. Thankfully, God put alittle more brains in my head than that.
What is glaringly missing from this report, and your arguement, is whether or not RATES of foreclosure are higher or lower.
Below are foreclosure market statistics nationwide and by state:
| State Name | Q1 | Q2 | Q3 | Q4 | TOTAL | % change from 2004 |
| US 2005 | 188,122 | 201,358 | 223,224 | 234,278 | 846,982 | 24.54 |
| Alabama | 799 | 1,845 | 958 | 360 | 3,962 | -54.94 |
| Alaska | 268 | 420 | 381 | 333 | 1,402 | 24.25 |
| Arizona | 5,896 | 7,577 | 7,000 | 6,366 | 26,839 | 7.97 |
| Arkansas | 1,806 | 2,998 | 4,303 | 2,143 | 11,250 | 18.66 |
| California | 15,887 | 13,504 | 13,768 | 18,404 | 61,563 | 15.84 |
| Colorado | 6,779 | 7,862 | 8,470 | 6,519 | 29,630 | -3.83 |
| Connecticut | 1,456 | 2,601 | 1,470 | 4,202 | 9,729 | 188.60 |
| Delaware | 119 | 113 | 61 | 30 | 323 | -74.79 |
| District of Columbia | 10 | 58 | 47 | 40 | 155 | 300.00 |
| Florida | 34,651 | 30,812 | 31,829 | 24,551 | 121,843 | -29.15 |
| Georgia | 8,388 | 7,841 | 11,203 | 10,881 | 38,313 | 29.72 |
| Hawaii | 200 | 211 | 2,634 | 161 | 3,206 | -19.50 |
| Idaho | 936 | 684 | 569 | 556 | 2,745 | -40.60 |
| Illinois | 12,094 | 11,894 | 12,366 | 10,369 | 46,723 | -14.26 |
| Indiana | 7,254 | 7,209 | 7,728 | 8,304 | 30,495 | 14.48 |
| Iowa | 466 | 451 | 452 | 735 | 2,104 | 57.73 |
| Kansas | 440 | 520 | 414 | 531 | 1,905 | 20.68 |
| Kentucky | 1,349 | 1,758 | 1,043 | 819 | 4,969 | -39.29 |
| Louisiana | 1,155 | 1,364 | 831 | 496 | 3,846 | -57.06 |
| Maine | 50 | 29 | 34 | 26 | 139 | -48.00 |
| Maryland | 667 | 881 | 1,692 | 1,448 | 4,688 | 117.09 |
| Massachusetts | 616 | 1,165 | 735 | 1,843 | 4,359 | 199.19 |
| Michigan | 4,411 | 7,222 | 9,953 | 11,937 | 33,523 | 170.62 |
| Minnesota | 486 | 571 | 509 | 676 | 2,242 | 39.10 |
| Mississippi | 339 | 850 | 440 | 280 | 1,909 | -17.40 |
| Missouri | 2,039 | 2,425 | 2,807 | 3,038 | 10,309 | 49.00 |
| Montana | 179 | 179 | 261 | 285 | 904 | 59.22 |
| Nebraska | 367 | 303 | 670 | 730 | 2070 | 98.91 |
| Nevada | 1,950 | 1,798 | 1,644 | 2,331 | 7,723 | 19.54 |
| New Hampshire | 33 | 29 | 49 | 33 | 144 | 0.00 |
| New Jersey | 6,482 | 9,165 | 5,991 | 13,487 | 35,125 | 108.07 |
| New Mexico | 1,254 | 2,061 | 1,721 | 2,247 | 7,283 | 79.19 |
| New York | 5,299 | 9,937 | 9,084 | 12,748 | 37,068 | 140.57 |
| North Carolina | 4,170 | 4,194 | 3,466 | 4,086 | 15,916 | -2.01 |
| North Dakota | 68 | 53 | 19 | 24 | 164 | -64.71 |
| Ohio | 8,547 | 9,901 | 14,961 | 16,435 | 49,844 | 92.29 |
| Oklahoma | 3,131 | 3,543 | 3,476 | 3,348 | 13,498 | 6.93 |
| Oregon | 2,099 | 1,771 | 1,554 | 1,431 | 6,855 | -31.83 |
| Pennsylvania | 5,083 | 7,827 | 7,089 | 8,651 | 28,650 | 70.20 |
| Rhode Island | 9 | 18 | 9 | 3 | 39 | -66.67 |
| South Carolina | 2,229 | 2,079 | 1,332 | 1,966 | 7,606 | -11.80 |
| South Dakota | 55 | 49 | 52 | 41 | 197 | -25.46 |
| Tennessee | 4,739 | 5,594 | 8,114 | 6,095 | 24,542 | 28.61 |
| Texas | 24,127 | 21,176 | 33,289 | 37,051 | 115,643 | 53.57 |
| Utah | 3,484 | 2,749 | 2,775 | 2,528 | 11,536 | -27.44 |
| Vermont | 15 | 16 | 11 | 18 | 60 | 20.00 |
| Virginia | 380 | 388 | 868 | 956 | 2,592 | 151.58 |
| Washington | 4,214 | 4,375 | 3,287 | 2,989 | 14,865 | -29.07 |
| West Virginia | 165 | 202 | 425 | 227 | 1,019 | 37.58 |
| Wisconsin | 1,434 | 1,036 | 1,247 | 1,404 | 5,121 | -2.09 |
| Wyoming | 48 | 50 | 70 | 47 | 215 | -2.08 |
Here ya go. See for yourself what the news is. Not a pretty picture is it?
U.S. Supply of Foreclosed Properties Reaches Its Highest Level of 2004
RISMEDIA, June 8-There were 29,990 new foreclosed residential properties listed in the U.S. during May 2004, according to Foreclosure.com,. Overall, the total number of foreclosed properties available in the U.S. for the month of May was 82,991. While the number of new foreclosure listings remained relatively even from April to May, there was an increase of 10 percent in the total number of available properties.
"The increase in foreclosure inventory during the past month indicates that lenders are burdened with a high number of properties. This creates a very attractive buyer's market, as lending institutions do not benefit from holding foreclosed properties on their books," said Greg Sullivan, vice president and co-founder, Foreclosure.com. "Georgia, North Carolina, Ohio and Texas continue to show the largest number of foreclosed properties in the country. However, new foreclosures in Texas, North Carolina and Ohio dropped from April to May, the first drop in new listings in these states in 2004."
U.S. Foreclosure Data for May 2004:
ALASKA
Total Properties: 66
New Foreclosures: 27
ALABAMA
Total Properties: 1915
New Foreclosures: 670
ARKANSAS
Total Properties: 891
New Foreclosures: 291
ARIZONA
Total Properties: 1490
New Foreclosures: 712
CALIFORNIA
Total Properties: 649
New Foreclosures: 355
COLORADO
Total Properties: 2297
New Foreclosures: 875
CONNECTICUT
Total Properties: 300
New Foreclosures: 111
DISTRICT OF COLUMBIA
Total Properties: 50
New Foreclosures: 28
DELAWARE
Total Properties: 115
New Foreclosures: 53
FLORIDA
Total Properties: 2405
New Foreclosures: 1016
GEORGIA
Total Properties: 6194
New Foreclosures: 2276
HAWAII
Total Properties: 28
New Foreclosures: 13
IOWA
Total Properties: 1078
New Foreclosures: 428
IDAHO
Total Properties: 720
New Foreclosures: 259
ILLINOIS
Total Properties: 2932
New Foreclosures: 1133
INDIANA
Total Properties: 4615
New Foreclosures: 1609
KANSAS
Total Properties: 893
New Foreclosures: 305
KENTUCKY
Total Properties: 1422
New Foreclosures: 504
LOUISIANA
Total Properties: 1193
New Foreclosures: 444
MASSACHUSETTS
Total Properties: 120
New Foreclosures: 38
MARYLAND
Total Properties: 1093
New Foreclosures: 531
MAINE
Total Properties: 138
New Foreclosures: 42
MICHIGAN
Total Properties: 5356
New Foreclosures: 1808
MINNESOTA
Total Properties: 620
New Foreclosures: 240
MISSOURI
Total Properties: 2379
New Foreclosures: 879
MISSISSIPPI
Total Properties: 1179
New Foreclosures: 402
MONTANA
Total Properties: 171
New Foreclosures: 48
NORTH CAROLINA
Total Properties: 6009
New Foreclosures: 1854
NORTH DAKOTA
Total Properties: 68
New Foreclosures: 18
NEBRASKA
Total Properties: 558
New Foreclosures: 201
NEW HAMPSHIRE
Total Properties: 56
New Foreclosures: 20
NEW JERSEY
Total Properties: 674
New Foreclosures: 329
NEW MEXICO
Total Properties: 743
New Foreclosures: 255
NEVADA
Total Properties: 406
New Foreclosures: 224
NEW YORK
Total Properties: 2064
New Foreclosures: 752
OHIO
Total Properties: 5564
New Foreclosures: 1673
OKLAHOMA
Total Properties: 1370
New Foreclosures: 494
OREGON
Total Properties: 1113
New Foreclosures: 411
PENNSYLVANIA
Total Properties: 3117
New Foreclosures: 1060
RHODE ISLAND
Total Properties: 6
New Foreclosures: 3
SOUTH CAROLINA
Total Properties: 2525
New Foreclosures: 856
SOUTH DAKOTA
Total Properties: 132
New Foreclosures: 51
TENNESSEE
Total Properties: 3730
New Foreclosures: 1291
TEXAS
Total Properties: 8715
New Foreclosures: 3213
UTAH
Total Properties: 1391
New Foreclosures: 556
VIRGINIA
Total Properties: 951
New Foreclosures: 316
VERMONT
Total Properties: 35
New Foreclosures: 15
WASHINGTON
Total Properties: 1987
New Foreclosures: 734
WISCONSIN
Total Properties: 966
New Foreclosures: 415
WEST VIRGINIA
Total Properties: 412
New Foreclosures: 116
WYOMING
Total Properties: 90
New Foreclosures: 36
For more information, visit http://www.foreclosure.com/