A New Wave of Foreclosures
From RealtyTrac...
Las Vegas posted the nation’s highest metro foreclosure rate, with 5.13% (one in 20) of its housing units receiving a foreclosure filing during the quarter—nearly seven times the national average.
A total of 40,408 Las Vegas properties received a foreclosure filing during the quarter, an increase of nearly 9% from the previous quarter and an increase of nearly 54% from the third quarter of 2008.
Despite a 13% decrease in foreclosure activity from the previous quarter, Merced, Calif., posted the nation’s second highest foreclosure rate, with 3.72% (one in 27) of its housing units receiving a foreclosure filing during the third quarter.
A total of 3,092 Merced properties received a foreclosure filing during the quarter, down 11% from the third quarter of 2008.
Foreclosure activity in the Cape Coral-Fort Myers metro area in Florida also decreased from the previous quarter and from the third quarter of 2008...
but the metro area still registered the nation’s third highest metro foreclosure rate—with 3.67% (one in 27) of its housing units receiving a foreclosure filing during the quarter.
A total of 13,206 Cape Coral-Fort Myers properties received a foreclosure filing during the quarter, a decrease of 5% from the previous quarter and down 2% from the third quarter of 2008.
Other metro areas in the top 10 were the California cities of Stockton (3.53%), Modesto (3.39%), Riverside-San Bernardino (3.37%), Bakersfield (2.88%), and Vallejo-Fairfield (2.85%), along with the Reno-Sparks metro area in Nevada (2.67%) and the Florida metro areas of Port St. Lucie (2.63%) and Orlando-Kissimmee (2.57%).
Las Vegas posted the nation’s highest metro foreclosure rate, with 5.13% (one in 20) of its housing units receiving a foreclosure filing during the quarter—nearly seven times the national average.
A total of 40,408 Las Vegas properties received a foreclosure filing during the quarter, an increase of nearly 9% from the previous quarter and an increase of nearly 54% from the third quarter of 2008.
Despite a 13% decrease in foreclosure activity from the previous quarter, Merced, Calif., posted the nation’s second highest foreclosure rate, with 3.72% (one in 27) of its housing units receiving a foreclosure filing during the third quarter.
A total of 3,092 Merced properties received a foreclosure filing during the quarter, down 11% from the third quarter of 2008.
Foreclosure activity in the Cape Coral-Fort Myers metro area in Florida also decreased from the previous quarter and from the third quarter of 2008...
but the metro area still registered the nation’s third highest metro foreclosure rate—with 3.67% (one in 27) of its housing units receiving a foreclosure filing during the quarter.
A total of 13,206 Cape Coral-Fort Myers properties received a foreclosure filing during the quarter, a decrease of 5% from the previous quarter and down 2% from the third quarter of 2008.
Other metro areas in the top 10 were the California cities of Stockton (3.53%), Modesto (3.39%), Riverside-San Bernardino (3.37%), Bakersfield (2.88%), and Vallejo-Fairfield (2.85%), along with the Reno-Sparks metro area in Nevada (2.67%) and the Florida metro areas of Port St. Lucie (2.63%) and Orlando-Kissimmee (2.57%).
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