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The number of foreclosures in the US hit 1.65 million in the first half. That is an increase of 8% from the same period last year, and a 5% decrease from  the previous six months, according to RealtyTrac.

The report also shows that 1.28 percent of all U.S. housing units (one in 78) received at least one foreclosure filing in the first half of the year.There is a silver lining.  “June numbers improved modestly, ” according to the analysis. “Foreclosure filings were reported on 313,841 U.S. properties in June, a decrease of nearly 3 percent from the previous month and a decrease of nearly 7 percent from June 2009. June was the sixteenth straight month where the total number of properties with foreclosure filings exceeded 300,000.”

Read more: More Real Estate Trouble: Foreclosures Hit 1.65 Million in First Half - 24/7 Wall St. http://247wallst.com/2010/07/15/more-real-estate-trouble-foreclosures-hit-1-65-million-in-first-half/#ixzz0tmLTTsFP