Top 10 Worst States For Foreclosures in August, 2008
September 17th, 2008 • Related • Filed Under
Keeping up with the trends in foreclosures is almost easy these days. You will know that Nevada, California, Arizona, and Florida will be in the dubious leadership roles in this category, and they were again for August, 2008.
It is so bad in Nevada that they have more than 1 percent of the homes in the state in foreclosure. That is 5 times the level of 6th place Georgia.
So if you are fearful your subdivision is going to be overtaken by foreclosures and you do not live in the 4 worst states, don’t get to upset. It is not that bad for the rest of the country.
Top 10 Worst States For Foreclosures in August, 2008
- Nevada 1 in 91 homes
- California 1 in 130 homes
- Arizona 1 in 182 homes
- Florida 1 in 194 homes
- Michigan 1 in 332 homes
- Georgia 1 in 422 homes
- Ohio 1 in 444 homes
- Colorado 1 in 452 homes
- Illinois 1 in 483 homes
- Indiana 1 in 522 homes
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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 Tony Sena on 23 September 2008:
Even though Nevada is #1, the Las Vegas Real Estate Market had 7 straight months of increased home sales because prices are so low due to the increased inventory of foreclosures.
Pingback by The Top 10 Foreclosure States (as of August) | BuyandSellLand.com on 31 October 2008:
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