2nd Quarter 2010 Foreclosure Data Now Available

Professor Andrew B. Lewis Community Development Specialist for UW Extension just shared the following information:

"The second quarter (Q2) foreclosure case data is now available for 71 of the 72 Counties in Wisconsin (Portage County is not included but we will include their annual numbers at the end of the year as they do not report to Circuit Court Access Program). The data is in Excel format and is attached to this message, and can be found at:
http://www.uwex.edu/ces/cced/economies/communityindicators/Indicators_Links.cfm#q2_2010

Not that one quarter establishes a trend, but there is some encouraging news in the second quarter data:
Wisconsin (Number of foreclosure cases minus duplicates):
Q2 ’09 – Q2 ’10 = -1.1%
Q1 ’10 – Q2 ’10 = -12.0%
Jan-June ’09 – Jan-June ’10 = +0.7%
The collection of this data has been funded by the Access to Affordable Housing Team in Family Living and has been collected by Dr. Russ Kashian at U.W. Whitewater and Ryan Wade at Marquette University. If you look at the raw data you will see that we have reported both the gross number of civil cases in the state as well as a "corrected" total that adjusts for multiple cases involving the same property ("minus duplicates"). I have created pivot charts that allow the user to select the counties they are interested in analyzing and then create a chart to illustrate the data.

One important note…just because a property has entered the foreclosure process does not necessarily mean that the property will be foreclosed. However, we feel that this is the best publicly available trend data on foreclosures."