Featured Article


Home foreclosure numbers rising in Connecticut
Article Audio

0:59 minutes (0.48 MB)
Download this Article
Share this Content

Home foreclosures are on the rise in Connecticut according to the latest figures. Fairfield County is currently the hardest hit area of the state.

The data from the Warren Group, a Boston based real estate company shows that currently there are almost 500 homes in Connecticut either in foreclosure, or with legal action pending against them. 154 of those were in Fairfield County – the highest proportion in the state. New Haven is another hot spot, with 139 legal actions pending. In the year to November, New Haven county has fared worst, with Hartford not far behind.

Another foreclosure survey from RealtyTrac shows that the state reported almost 1600 foreclosure filings in October – that number was up 16 percent from the previous month, and up 36 percent from October in 2006. Connecticut has been hard hit, and its situation is gradually worsening, but its foreclosure rate remains well below the national average. In October, Connecticut was 24th in the nation in the number of total foreclosures reported. Nevada, Florida and Arizona are currently the states hardest hit.