Foreclosure - Eastern States

The "buyer's market" is in full swing and investors have cash in hand as foreclosure numbers grow. While mortgage rates are still relatively low, the upward climb in home prices has been halted. The prices are soft, some prices have fallen dramatically, and the "days-on-the market" increased.

The increasing rates of adjustable mortgages coupled with higher energy costs have put a crunch on homeowners. Unfortunately, this scenario has propelled a glut of homes into the marketplace.

Foreclosure numbers are growing each month. In May 27,064 homes were thrown into the mix (an increase of 16.6% from April). The total nationwide is now 89,327.

Here's a rundown of the forclosure numbers (thru May) of eastern states:

• Connecticut - 189
• Delaware - 84
• District of Columbia - 22
• Florida - 1,232
• Georgia - 9,998
• Maine - 135
• Maryland - 453
• Massachusetts - 567
• New Hampshire - 132
• New Jersey 474
• New York -- 2,520
• North Carolina - 4,843
• Pennsylvania - 3,781
• Rhode Island - 101
• South Carolina - 2,879
• Virginia - 668
• Vermont - 51