Data shows that, on a nationwide basis, U.S. foreclosure activity slowed down slightly in the past year, according to RealtyTrac foreclosure data recently released. However, the CEO of RealtyTrac stated in a news release that foreclosures became more widespread last year, hitting markets that had previously avoided the foreclosure tsunami. Foreclosure rates were up in 72% of the nations metro areas, with Houston, Atlanta and Seattle increasing the most of the 20 largest metro areas. Most believe the high rate of foreclosures will continue at an extremely high rate due to the continuing high unemployment rates throughout the country in this jobless recovery.
HERE ARE THE U.S. MARKETS WITH THE HIGHEST FORECLOSURE FILINGS FOR 2010:
1. Las Vegas-Paradise, Nevada
2. Cape Coral-Fort Myers, Florida
3. Modesto, California
4. Phoenix-Mesa-Scottsdale, Arizona
5. Miami-Fort Lauderdale-Pompano Beach, Florida
6. Riverside-San Bernardino-Ontario, California
7. Stockton, California
8. Merced, California
9. Orlando-Kissimmee, Florida
10. Vallejo-Fairfield, California
May 23, 2011 By
http://www.mastersoftrivia.com/blog/2011/05/top-10-us-cities-with-highest-foreclosure-rates/
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