Top 10 Highest Risk Mortgage Markets : The Real Estate Bloggers

Top 10 Highest Risk Mortgage Markets

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Out of the 100 largest markets in the country, those with the highest risk of mortgage defaults are in 3 states, California, Florida, and Arizona. But the segmentation of the market does not end there.

California holds 8 out of the top 10 spots on this ignoble list of mortgage mayhem. So when the pundits scream about the housing market falling into the abyss, do not fear it so badly. Like insurance rates going up after hurricanes, the housing slowdown is now continuing on as the lenders untangle themselves from the mess they created in California.

The rest of the country is paying for the excesses of a few. Does that surprise you?

Top 10 Highest Risk Mortgage Markets (in the top 100 markets)

  1. Riverside-San Bernardino-Ontario, CA 
  2. Los Angeles-Long Beach-Glendale, CA 
  3. Sacramento–Arden-Arcade–Roseville, CA
  4. Miami-Miami Beach-Kendall, FL
  5. Oakland-Fremont-Hayward, CA
  6. San Diego-Carlsbad-San Marcos, CA
  7. Santa Ana-Anaheim-Irvine, CA
  8. Stockton, CA
  9. Phoenix-Mesa-Scottsdale, AZ
  10. Bakersfield, CA (via Corelogic)

If you are a kind and wonderful person and want to help out the folks in California get out of the mess they are in and buy some foreclosures, have I got a deal for you… Foreclosure.com is offering a risk free 7 day trial of their excellent foreclosure search engine. Go see what deals are available in these cities and help reduce the inventory of houses on the market.

Related posts:
  1. Top 10 Markets With Highest Mortgage Risk, Summer 2007
  2. Top 10 Lowest Risk Metropolitan Markets For Foreclosures
  3. Top 10 Markets With Lowest Mortgage Risk, Summer 2007
  4. Top 10 Cities With Highest Foreclosure Rates in 3rd Quarter, 2007
  5. Top 10 States With Highest Foreclosure Rate In 2007



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There Are 3 Responses So Far. »

  1. [...] to subscribe to my RSS feed. Thanks for visiting!You would think after seeing the reports that the housing market in California has gone to the dogs. But now we know that instead the cats have taken over. Bobcats that [...]

  2. [...] probably seem like middle American outposts to those from the coasts, the difference between the highest foreclosure risk metro areas and these is [...]

  3. [...] foreclosure wave and we simply have too many homes sitting in our inventory. Take a look at this top 10 list of riskiest mortgage markets and notice how we own 8 of the 10 spots. What we need are buyers, and hopefully the reassurance that [...]

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      Andy-Ann Arbor real estate | 20Nov08 | More
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