RealtyTrac: Foreclosure Inventory Rises

The national inventory of foreclosures increased by 2.6% in April, according to RealtyTrac, an online marketplace for foreclosure properties based in Lake Forest, Calif.The company's Monthly U.S. Foreclosure Market Report indicates that the latest foreclosure inventory totaled 64,057, compared with 62,422 in March. "April continues a trend we've seen over the last few months, where Texas and Florida have consistently produced an above-average number of properties in some stage of foreclosure," said Jim Saccacio, RealtyTrac's chief executive officer. Both states' foreclosure rates were more than 2.5 times the national average, the company said. The states with the next-highest foreclosure rates were Arizona, Colorado, and Utah. RealtyTrac can be found online at http://www.realtytrac.com.