Top 10 States With Lowest Foreclosure Rate In 2007
With the media focusing on the high rate of foreclosures in the country the people of these state must be wondering what every one is talking about. With rates of less than 1 hundreth of a percent, South Dakota and Vermont must be confused.
Meanwhile 10 states have a foreclosure rate of 1 home in ever 500 in foreclosure, not even a blip on the radar screen. So maybe the issue is not in the ability of average homeowners to repay their mortgage but that speculators took a big bite out of an overbuilt market and now they are paying the price.
But that does not play well in the major media so it can not be the case.
Rank State Total % of Homes 1 South Dakota 24 0.007 2 Vermont 29 0.009 3 Maine 286 0.042 4 West Virginia 460 0.053 5 North Dakota 250 0.082 6 Mississippi 1,409 0.114 7 Wyoming 356 0.151 8 Hawaii 966 0.197 9 Kansas 2,434 0.203 10 Louisiana 3,968 0.204
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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 ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
Comment by New homes sale in Georgia for on 30 January 2008:
Wow first I have seen of this list on the blogs and what a refreshing sign. Places where the “sky is not falling”.
We have alot to learn for this ARM problem and hopefully these states can help by carring this country through a hard time. Why were they so successful everyone should be asking and how can we achieve this also.
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