The number of properties in the U.S. that received foreclosure filings rose 4% in August from July, but declined 5% from a year earlier, according to market researcher RealtyTrac.
The sector has seen an uneven recovery after the real-estate market's deep, prolonged downturn. Home sales have slid since the expiration of the first-time homebuyer tax credit in April, and data have shown that underlying real-estate demand could be weaker than expected.
RealtyTrac said 338,836 properties got a filing in August, the 18th straight month the figure has topped 300,000.
Chief Executive James J. Saccacio said the number of default notices continued to decrease, converging with increasing bank repossessions, indicating that "the clogged foreclosure pipeline is being carefully managed on both ends by lenders and servicers."
Nevada continued to top the list of states for foreclosures, with one out of every 84 housing units getting a foreclosure filing last month. Florida ranked second, with one in 155 units getting a filing. Both states' rates improved, though, from a year ago.