Boomer’s Blog

For investors who want to track trends in real estate numbers as they emerge, the RealtyTrac Monthly U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported monthly; it is then broken out by filing type at the state and national levels. Below are some fast facts on state foreclosure numbers:

Five Highest State Foreclosure Rates
These figures chart the ups and downs of foreclosure rates reported in states across the nation.

1. Nevada: One in every 139 Nevada households received a foreclosure filing during March, 3.9 times the national average and the highest state foreclosure rate for five consecutive quarters. Foreclosure filings were reported on a total of 7,659 properties during March, up 24 percent from February and up nearly 62 percent from March 2007.
2. California: Foreclosure rates in California came in second place among the states for the fourth month in a row. One in every 204 California households received a foreclosure filing in March — at a rate nearly three times the national average.
3. Florida: This state takes third place in the foreclosure rate rankings. There, one in every 282 Florida households received a foreclosure filing in March, establishing a foreclosure rate that’s nearly 2 times the national average.
4. Arizona: Despite a nearly 5 percent monthly drop in foreclosure activity, Arizona posted the fourth highest state foreclosure rate for the third consecutive month, with one in every 283 households receiving a foreclosure filing in March. Overall foreclosure filings were reported on 9,199 properties during March, up nearly 106 percent from the same month in 2007.
5. Colorado: Colorado foreclosure activity declined 8 percent from February, and 1 percent from March 2007. Still, the state’s foreclosure rate continues to rank fifth-highest among the states. Foreclosure filings were reported on 6,180 Colorado properties in March — that’s one foreclosure for every 339 households.

Other states with foreclosure rates making the cut for the top 10 foreclosure rates include Georgia, Ohio, Michigan, Massachusetts and Maryland.

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