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10 States Still Battling High Foreclosure Rates

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Artcicle by: Daily Real Estate News | Monday, August 13, 2012

Several states continue to be plagued with high foreclosure rates. RealtyTrac reported last week that foreclosure starts rose 6 percent year-over-year, which is the third consecutive month for increases following what had been more than a year of declines.

California has the highest foreclosure rate in the country, according to RealtyTrac, with one in every 325 housing units receiving a foreclosure filing in July (more than twice the national average). California had the highest foreclosure rate in the country despite an 11 percent decline month-over-month and a 25 percent drop year-over-year, according to RealtyTrac.

The states with the highest foreclosure rates in July RealtyTrac’s most recent data are:

  1. California: 1 in every 325 housing units
  2. Arizona: 1 in every 346 housing units
  3. Florida: 1 in every 352 housing units
  4. Georgia: 1 in every 376 housing units
  5. Illinois: 1 in every 385 housing units
  6. Nevada: 1 in every 415 housing units
  7. Michigan: 1 in every 518 housing units
  8. Ohio: 1 in every 528 housing units
  9. South Carolina: 1 in every 536 housing units
  10. Indiana: 1 in every 665 housing units

Source: RealtyTrac; Daily Real Estate News (August 13, 2012) | Blog distribution provided by Kenneth Bargers and Bargers Solutions, proud member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee


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