Home Foreclosures rose 38% nationwide during the first quarter of 2006. This is a 72% increase from the first quarter of 2005. "Texas reported the most first-quarter foreclosures of any state, 40,236, and Florida reported the second most with 29,636. California was a close third with 29,537 properties, entering some stage of foreclosure in the first quarter of 2006, but the state's quarterly foreclosure rate of one foreclosure for every 414 households was below the national average. "With the current market conditions, it's unlikely that foreclosures will return to the historically low levels they were at in recent years when interest rates hit rock bottom and home price appreciation skyrocketed in many areas of the county," says James J. Saccacio, chief executive officer of RealtyTrac. The full article will be available on the Web for a limited time: http://www.business-journal.com/HomeForeclosuresQ106.asp Pam