Leading Foreclosure Cities / Metro Areas
The top ten list article that I wrote the other day received so much response that I thought I would put out another one. RealtyTrac, an online marketplace for foreclosure properties, has just released their "Year End Metropolitan Foreclosure Market Report" for 2010. Their findings, though dismal, did show a decrease in the number of foreclosures from 2009 to 2010 for all 10 cities in the top 10. The bad news however is that the report also showed that foreclosures increased in 2010 for 149 of the nation's 206 metropolitan areas with a population of 200,000 or more.
For the report RealtyTrac computes the percentage of foreclosed homes in an area compared to the total number of homes in that area. RealtyTrac's CEO, James J. Saccacio, had this to say about the findings of their 2010 report:
Read the rest of the article here: http://bit.ly/dXsVdS
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