THE ROANOKE REGION OF VIRGINIA

The news came out last week with great fanfare: foreclosure activity in the Roanoke, Virginia region is up. Yes it is. Foreclosures increased at the national and state lev
els and in many communities in the southeastern United States.

And, though higher than in February, the March numbers are lower than many other communities. There were 147 foreclosure filings in the Roanoke MSA in March, up 31.2 percent from 112 in February. The percentage increase is below the state average of 34.5 percent.

Activity is up in the first quarter of 2010 17.3% compared to the same period last year. Roanoke Region fares better than other communities with which we often compete in the quarter-to-quarter comparison.