Top 10 Foreclosure Markets
Daily Real Estate News | April 24, 2007Top 10 Foreclosure Markets
Foreclosure continues to be a serious concern for many U.S. home owners. Indeed, according to a recent survey from Yahoo Real Estate and Harris Interactive, 22 percent of home owners are at least somewhat concerned about the possibility of foreclosure due to their inability to meet monthly mortgage payments.
But Americans remain bullish on real estate. In fact, 37 percent of all U.S. adults would be at least somewhat interested in buying a house in foreclosure.
Here is a list of the 10 metro area markets where mortgage delinquency rates increased the most between the fourth quarter of 2005 and the first quarter of 2007, according to Equifax and Moody's Economy.com. The following list also includes the percentage increase in foreclosures for each area during that time period.
1. Modesto, Calif.: 3.9 percent
2. Stockton, Calif.: 3 percent
3. Merced, Calif.: 2.8 percent
4. Port St. Lucie-Fort Pierce, Fla.: 2.7 percent
5. Miami-Miami Beach-Kendall, Fla. Metropolitan Division: 2.5 percent
6. Riverside-San Bernardino-Ontario, Calif.: 2.5 percent
7. Vallejo-Fairfield, Calif.: 2.4 percent
8. Las Vegas-Paradise, Nev.: 2.3 percent
9. Atlantic City, N.J.: 2.2 percent
10. Cape Coral-Fort Myers, Fla.: 2.2 percent
Source: Dow Jones Business News, Ruth Mantell (04/23/07)
posted by Mike Young @ 11:54 AM
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