Top 10 States For Foreclosures in January 2009

First the good news, foreclosures dropped nationwide 10 percent in the month of January, 2009. The combination of lenders and government intervention has stemmed the tide for the moment. This is good news for all in the housing industry.

As usual, California, Florida, and Arizona posted the top foreclosure rates in the country in volume, while as a percentage Nevada replaces Florida in the top 3.

A couple states had huge gains that could be outliers or better reporting that entered the list are Oregon (218% increase) and Idaho (105% increase). This bears watching as it could be a new trend of rural western foreclosures or just a statistic error by Realtytrac.

Top 10 States For Foreclosures in January 2009

State           Total   Change 12/08    1 1/every x HH

Nevada          14,444          -3.96%          137
California      76,761          -0.14%          173
Arizona         76,761          -8.07%          182
Florida         40,770          -19.76%         214
Oregon           4,511          218.80%         357
Illinois        14,447          85.05%          363
Michigan        11,418          6.25%           397
Georgia          9,907          -1.24%          400
Idaho            1,512          105.71%         417
Ohio            11,199          -12.41%         452
Stats from RealtyTrac.

Related posts:
  1. Top 10 States For Foreclosures for February 2009
  2. Top 10 Worst States For Foreclosures in November, 2008
  3. Top 10 States With The Highest Level of Federal Land Ownership
  4. Top 10 States By Foreclosure Filings in 2008
  5. NAR 1st Quarter 2009 Numbers Sobering But There Are Silver Linings In Them

There Are 8 Responses So Far. »

  1. At least it’s good to see percentages are dropping for the most part especially in Nevada.

  2. A slight drop for Phoenix metropolitan but I must say there are some incredible deals out there right now! If a person is thinking of putting money into RE than now is a great time to do so, as long as the property cash flow’s. With the announcement of Fannie Mae increasing the number of financed properties from 4 to 10 and Phoenix being taking off the declining market list, the investor sentiment is turning up.

    Cheers

  3. Illinois……wow. What happened Obama? Georgia is about where I imagined for now. Although it looked to me that things were getting a little better here. I agree Tony, over all it seems percentages are dropping, but Illinois, Oregon, and Idaho, are getting hammered. I guess the foreclosure bug got those states last.

  4. Definitely good to see numbers dropping but MSNBC reports they could rise from 2 million to 10 million in the coming years. http://www.msnbc.msn.com/id/29157502/

  5. I’m a little surprised by the Oregon numbers, but not greatly. Bend, OR and Medford, OR had massive building that went on. Even my area Salem, OR has lost many builders to foreclosure.

    We also have a 9.3% unemployment rate right now.

    We are just late to the foreclosure party…

  6. It’s nice to see a decrease in foreclosures especially in most of the hardest hit states. I wonder what February numbers will look like?

  7. [...] Top 10 States For Foreclosures in January 2009 [...]

  8. conneticut unemployment at 7.3%,i cant even imagine what is like in those states with 10% and above.

Post a Response

« Back to text comment
  • Popular

    Most Comments

    Search

    Tags

    Archives

  • Recent Comments

    • My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
      Kara | 7Nov09 | More
    • What about RE/MAX Commercial? Where this classification came from? I am pretty sure RE/MAX Commercial in volume sales must be above ...
      JM Padron, CCIM | 7Nov09 | More
    • Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
      Joe Spake | 7Nov09 | More
    • It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
      Antony Lexington@Home loan | 7Nov09 | More
    • I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI.
      ROBIN SPURLIN | 6Nov09 | More
    • Definitely not a fan of Move Inc.!!!
      Tony Sena | 6Nov09 | More
    • A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
      SpazzyCat | 6Nov09 | More
    • In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
      Mary | 6Nov09 | More
    • I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
      Cheryl Gungor | 6Nov09 | More
    • I have the same situation. I sold my home in July and am scheduled to to close in a few ...
      Arlo Moehlenoah | 6Nov09 | More
  • Statistics

  • Friends

  • Recent Friends Visiting

  • Subscribe





    Get Updates Delivered Daily By E-Mail:

    Delivered by FeedBurner