Top 10 Cities With Highest Foreclosure Rates – 1st Half of 2007
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Foreclosures across the country have been increasing, that is not a surprise to those watching the real estate market. California, Ohio, and the Northeast have seen the biggest increase, while foreclosure activity has been decreasing in South Carolina and Texas.
What caught my eye was the increase in some of these cities. Stockton, California saw a 256 percent increase in foreclosures, Sacramento 241 percent, and Riverside 142 percent. Looking at the refinancing numbers that are coming up, these will have to increase in the near term as adjustable rate loans resets will increases in speed. The only saving grace is that interest rates on a fixed 30 year loan are still at historic lows.
Top 10 Cities For Foreclosures – 1st Half of 2007
- STOCKTON, CA 1 foreclosure per 27 households
- DETROIT/LIVONIA/DEARBORN, MI 1 in 29
- LAS VEGAS/PARADISE, NV 1 in 31
- RIVERSIDE/SAN BERNARDINO, CA 1 in 33
- SACRAMENTO, CA 1 in 36
- DENVER/AURORA, CO 1 in 42
- MIAMI, FL 1 in 46
- BAKERSFIELD, CA 1 in 47
- MEMPHIS, TN 1 in 49
- CLEVELAND/LORAIN/ELYRIA/MENTOR, OH 1 in 50
Click here to for a Free Foreclosure search in your area.
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
Comment by Realtorjay on 15 August 2007:
You know what they say. When you can’t beat em’, join em’. Just kidding. Seriously though, to be really successful in business, you must take what the market hands you and make it work for you. I am a licensed Realtor in Ohio, which for those who don’t know, Ohio’s real estate market sucks! So, sales are down and listings are far and few between. But, there’s those darn forclosures. Wait, do I hear ching, ching? Yep, I have been buying those darn forclosures and turning them into huge profits, far better than I could ever make as a sales agent. I don’t have the time to go into all the details, but there is lots of cash to be made from these forclosures. http://www.tuscarawascountrealestate.com.