RealtyTracâ„¢ (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its February 2006 Monthly U.S. Foreclosure Market Report, which shows 117,259 properties nationwide entered some stage of foreclosure in February, a 13 percent increase from the previous month and a 68 percent increase from February 2005. The report shows a February national foreclosure rate of one new foreclosure for every 986 U.S. households.

Needless to say, this is not a good sign for the property market. If you haven’t sold yet, you had better hurry. You have missed the peak, most likely, but there is still demand out there.