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State foreclosures rise a bit in January

Group: Overall outlook improving

The number of foreclosures in New Hampshire rose slightly in January compared with a year earlier, but the New Hampshire Housing Finance Authority said yesterday that most indications are that the state’s “foreclosure problem is continuing along a path toward a long, slow recovery.”

There were 292 foreclosures in the state in January, up 1.4 percent from the 288 foreclosure deeds recorded in January 2012.

But foreclosure auction notices are down, the authority said – there were 427 in January, 45 percent below the level seen in January 2012.

The “modest improvement” in the foreclosure picture, the group said in a news release, “is the result of an equally modest improvement in the statewide and regional housing markets. Assuming continued overall economic improvements, a slow decline in new foreclosures is expected for 2013.”

There were 3,659 foreclosures in New Hampshire last year, a 5.3 percent drop from 2011 and the lowest annual number since 2009.

Ben Leubsdorf

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