Is Washington State really seeing more foreclosures? Yes, but not like the national trends. Actually we have seen a very slight increase ( See Chart Below) due the strong economy in Washington State and Washington did not experience the unhealthy appreciation in the last few years. For example- Washington State is experiencing 1 in every 1,476 housesholds going into foreclosure-compared to Nevada 1 in every 278 or Florida 1 in every 382 or Arizona 1 in every 703. So, once again Washington State is not following the national trend!!
The chart below depicts the number of foreclosures in Washington State for the past few years.
| 2007 | 2006 | 2005 |
January | 2,125 | 1,547 | |
February | 1,620 | 2,008 | 1,401 |
March | | 1,844 | 1,091 |
April | | 1,638 | 1,347 |
May | | 1,511 | 1,951 |
June | | 1,440 | 1,077 |
July | | 1,189 | 1,117 |
August | | 1,613 | 1,185 |
September | | 1,441 | 985 |
October | | 1,595 | 1,001 |
November | | 1,440 | 870 |
December | | 1,261 | 1,118 |