From Realtor Magazine Online, Daily Real Estate News April 22, 2009
Cities with the highest foreclosure rates are all located in the four states where the housing bubble was biggest, according to a report released Wednesday from RealtyTrac, an online foreclosure marketing company.
The four states with the biggest levels are California, Florida, Nevada, and Arizona.
"The metro areas with the highest levels of foreclosure activity in the first quarter of 2009 paint a picture of concentrated problems in a relatively small number of hard-hit areas," said James J. Saccacio, CEO of RealtyTrac.
The top-10 cities with the highest foreclosure rates are:
1. Las Vegas
2. Merced, Calif.
3. Cape Coral-Fort Myers, Fla.
4. Stockton, Calif.
5. Riverside, Calif.
6. Modesto, Calif.
7. Bakersfield, Calif.
8. Vallejo-Fairfield, Calif.
9. Phoenix
10. Port St. Lucie, Fla.
Source: The Associated Press (04/21/2009)
Subscribe to:
Post Comments (Atom)
.jpg)
No comments:
Post a Comment