Top 10 States With Lowest Foreclosure Rate For March, 2008
The states with the lowest foreclosure rate are an interesting group. RealtyTrac tells us they range from upper Northeast states such as Vermont and Maine to vacation destination Hawaii, Midwest outposts North and South Dakota to to Southern states such as Mississippi and Alabama.
What they do share in common was that they were not the destination of the speculators in the marketplace during the run up of the early part of the century. It does make me think that the majority of the foreclosures are not a result of national economic issues but more so that some markets got too hot and now they are coming back with some getting hurt.
That is not a national crisis, but instead a market that is coming to grips with it’s over indulgence. And the actions of Washington during an election year will make a much larger mess than would have occurred naturally.
Top 10 States With Lowest Foreclosure Rate For March, 2008
- Vermont 1 in 154,799 homes
- North Dakota 1 in 38,275
- South Dakota 1 in 22,051 homes
- West Virginia 1 in 12,209 homes
- Mississippi 1 in 6,604 homes
- Hawaii 1 in 4,167 homes
- Maine 1 in 3,526 homes
- Louisiana 1 in 2,923 homes
- Alabama 1 in 3,251 homes
- Wyoming 1 in 2,917 homes
If you are interested in making money off of the foreclosures that are occuring and that programs like these are probably only going to make worse, get a free trial and see all of the foreclosures in your area.
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Great blog, keep the great content coming! 
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Comment by Phyllis Harb on 20 April 2008:
Surprised Hawaii is low, I always believed this state hosted a lot of 2nd home owners. Maybe our falling $$ has made this a wise choice to those with foreign money.
Comment by SellQuickForCash on 22 April 2008:
We all new that the good times couldn’t last forever! From this map, it’s obvious that over speculation by un-experienced investors caused the majority of our nations housing problems!
Not too many investors were rushing out to buy a house in North Dakota!
Cody S.
http://www.SellQuickForCash.com
Comment by Marion E. on 22 April 2008:
Great info. Surprised also to see Alabama among the ten 10 with lowest rate. Please note I have posted a link to this blog on my site. Can you reciprocate?
Thanks!