Figures from Realtytrac, a foreclosure tracking firm, show foreclosure filings increased slightly in New Hampshire for the month of April to 727. This is up from 674 in March. Foreclosure filings for the purpose of this snapshot are the number of properties receiving a default notice, a foreclosure auction notice or bank repossession.
The state foreclosure rate is now 1 in 846 properties, up slightly from 1 in 912.
However, New Hampshire continues to have a much lower rate than the national average of 1 in 698.
Hillsborough County has the highest rate of 1 in 686, while Carroll County came in the lowest with 1 in 1327
While the uptick is not good news in term of the housing recovery, the magnitude is only 53 additional housing units. This slight increase is not New Hampshire specific however, other states in the region also saw slight increases in April.
However, it remains to be seen if the April data is a blip, or the beginning of a trend. Previous months figures, as well as other series of economic data indicate that the housing market is generally recovering, albeit slowly which makes it unlikely, (though not impossible) that this is the beginning of an serious upward trend.