Foreclosure numbers went up in April by 32 percent from last year in April. Since some moratoriums ended in March this has led to an increasing number of foreclosures. In April there was an average of one out of every 374 homes that went into foreclosure which is the second highest month since January 2005. These numbers were not expected since typically for every month that is very high in foreclosure the next month decreases, but this didn’t happen in April and in fact increased from March.

March saw more than 342,000 properties go into foreclosure across the country. Since the temporary freeze by Fannie Mae and Freddie Mac ended before the Obama Administration put forth a foreclosure plan there was a jump in foreclosure activity. Foreclosures went up 1 percent from the month before continuing the record high numbers in foreclosures.

Home prices have gone down by 30 percent from 2006 due to the many foreclosures. The states that experienced the biggest boom in sales are also experiencing the highest numbers of foreclosures such as Nevada, California, and Florida. Since many lost their homes, much of the home prices went down and is expected to continue to go down for several more months.