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The top 10 metro areas in the United States for foreclosures include the usual suspects led by 6 California markets, Las Vegas, Detroit, Phoenix, and Fort Lauderdale. There were 2 real surprises for me in the RealtyTrac report, first that Detroit has dropped down to number 6 after being the leader in foreclosures for so long. And the other one was San Diego moving up to the 9th position. San Diego has gone through a boom and a bust, there is no doubt of that, but overall with it’s amazing climate and location I thought it would be a bit more resistant to the travails of the marketplace.
Top 10 Metro Areas For Foreclosures - 1st Quarter, 2008
- Stockton, California
- Riverside, San Bernardino, California
- Las Vegas, Paradise, Nevada
- Bakersfield, California
- Sacramento, California
- Detroit, Livonia, Dearborn, Michigan
- Phoenix, Mesa, Arizona
- Fort Lauderdale, Florida
- San Diego, California
- Oakland, California
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[…] and is showing a significant weakness in tax revenue collection. What are the mayors of Stockton and San Diego thinking as they try to keep all the bloated city services […]
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