While foreclosure activity in the U.S. was up 75 percent in 2007, for a total of 2,202,295 foreclosure filings, from those of 2006, foreclosure filings in New Mexico were down 26 percent from 2006, with 3,893 filings.

The figures come from RealtyTrac's year-end data compiled in its 2007 U.S. Foreclosure Market Report. RealtyTrac provides a national database and reports of real estate statistics. It was founded in 1996.

The report defines foreclosure filings as default notices, auction sale notices and bank repossessions.

This latest report shows that the real estate market in New Mexico is strong, stable and growing.

Labels: Finance