 |
Top 20 Real Estate Foreclosure Markets, Mid-Year 2007
Author: Real Estate Advisor  | Posted: 20-10-2007 | Comments: 0 | Views: 39 | Rating: (54)  (?) 
Stockton, California reported the highest foreclosure rate among the nation's 100 largest metro areas from Jan to Jun 2007, according to RealtyTrac, an online marketplace for foreclosure sales. Detroit and Las Vegas documented the next highest foreclosure rates. RealtyTrac's 2007 Midyear Metropolitan Foreclosure Market Report showed the foreclosure activity in the top 100 metro areas for the first half of 2007. As foreclosure rates continue to rise, 82 out of 100 metro areas recorded year-over-year increases in foreclosures.
Stockton reported one foreclosure filing for every 27 households with a total of 8,169 foreclosure fillings on 4,239 properties. The rate of foreclosure has increased exponentially to three times more than the number reported last year, for the same period.
Detroit, with one in 29 households going for foreclosure, recorded the second highest foreclosure rate. A total of 28,705 foreclosure filings were made on 20,231 properties, which is almost double the number reported from Jan-June 2006.
Las Vegas documented one foreclosure filing for every 31 households, making it the third highest in foreclosure activity among the 100 metro areas. It reported 22,928 foreclosure filings on 13,028 properties, double the number reported during the first half of 2006.
Six of the top 20 metro areas with the highest foreclosure rates were in California and four in Ohio.
The following are the top 20 U.S. housing foreclosure markets from Jan to Jun 2007, the total number of foreclosure filings and households per foreclosure filing.
1. Stockton, California: 8,169 foreclosure filings; one foreclosure filing for every 27 households.
2. Detroit/Livonia/Dearborn, Michigan: 28,705 foreclosure filings; one filing per 29 households.
3. Las Vegas/Paradise, Nevada: 22,928 foreclosure filings; one filing per 31 households.
4. Riverside/San Bernardino, California: 41,351 foreclosure filings; one filing per 33 households.
5. Sacramento, California: 20,516 foreclosure filings; one filing per 36 households.
6. Denver/Aurora, Colorado: 23,842 foreclosure filings; one filing per 42 households.
7. Miami, Florida: 20,275 foreclosure filings; one filing per 46 households.
8. Bakersfield, California: 5,365 foreclosure filings; one filing per 47 households.
9. Memphis, Tennessee: 10,800 foreclosure filings; one filing per 49 households.
10. Cleveland/Lorain/Elyria/Mentor, Ohio: 8,844 foreclosure filings; one filing per 50 households.
11. Fort Lauderdale, Florida: 15,720 foreclosure filings; one filing per 50 households.
12. Atlanta/Sandy Springs/Marietta, Georgia: 36,502 foreclosure filings; one filing per 54 households.
13. Fort Worth/Arlington, Texas: 13,221 foreclosure filings; one filing per 57 households.
14. Fresno, California: 4,867 foreclosure filings; one filing per 60 households.
15. Indianapolis, Indiana: 11,677 foreclosure filings; one filing per 62 households.
16. Dayton, Ohio: 5,966 foreclosure filings; one filing per 63 households.
17. Dallas, Texas: 23,284 foreclosure filings; one filing per 65 households.
18. Akron, Ohio: 4,378 foreclosure filings; one filing per 70 households.
19. Oakland, California: 13,482 foreclosure filings; one filing per 70 households.
20. Columbus, Ohio: 10,706 foreclosure filings; one filing per 70 households.
Rate this Article:
Current: 0 / 5 stars - 0 vote(s).
Article Source: http://www.articlesbase.com/real-estate-articles/top-20-real-estate-foreclosure-markets-midyear-2007-241314.html
|
Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free! |
|
Related Articles
Are Beachfront Homes For You?
By: Real Estate Advisor | 28/09/2007 | Real Estate
Waterfront homes and seafront homes offer all the charms and attractions of a romantic idyllic living beside blue waters and are perhaps second to none. If you are someone looking to invest on a home with water views, near a beach, a lake or a bay, then it is good...
Top 10 Upgrades To Green Your Home
By: Real Estate Advisor | 02/07/2007 | Real Estate
A green home is one that is eco-friendly and is at harmony with the environment. You can help the environment by making your home greener. Here is how you can do so by adopting a more energy-efficient and earth-friendly lifestyle.
Read the following top 10 ways to green your home.
...
What Is A Market Value Of A Home Or Condo?
By: Real Estate Advisor | 20/03/2007 | Real Estate
You spent $75,000 on renovating your home but it did not fetch you the money you thought it would when you sold it. The pool you built for $50,000 may only add $20,000 more to the sale price of your home. Sounds appalling, doesn't it? Yes, the dynamics of the...
Want To Live A Long Life? Top 10 States For Longevity!
By: Real Estate Advisor | 12/07/2007 | Health
Top 10 and Bottom 10 U.S. States Where People Live the Longest
If you are looking to live to a ripe old age, then check out these top U.S. states where people are not only living longer but also better. Eons Inc. in its 2007 State of Longevity Report lists the...
Top 10 U.S. Cities With The Lowest Taxes?
By: Real Estate Advisor | 11/06/2007 | Real Estate
A recent survey by the District of Columbia government identified top 10 cities in the U.S. that have the lowest overall tax burden. The survey was conducted on the state and local tax burden of families in the largest city in each of America's 50 states and Washington, D.C. The...
Profile Of U.S. Home Sellers
By: Real Estate Advisor | 30/12/2006 | Real Estate
The National Association of Realtors (NAR) conducted a survey to identify the typical profile of homebuyers and home sellers. The most recent findings were published in NAR's 2006 Profile of Home Buyers and Sellers report. This article focuses on the profile of a typical home seller based on the NAR...
Using The Internet To Find Your Next Home Or Condo
By: Real Estate Advisor | 21/12/2006 | Real Estate
The Internet has revolutionized the way people find, buy, and sell homes. It offers a wide range of possibilities and numerous advantages for home buyers and home sellers. Using the Internet to find a home or condo takes a lot less time and effort than searching in person.
If you are...
Top 8 U.S. Cities For Home Price Appreciation
By: Real Estate Advisor | 13/06/2007 | Real Estate
Investors and home buyers are always on the look out for cities that have housing markets with appreciating home prices, especially when there is a slump in the housing market nationwide. Here are the insights into the top 8 U.S. cities for home price appreciation according to the Office of...
Got a Question? Ask.
Ask the community a question about this article:
Frequently Asked Questions
Albert, Texas for $3.8 million on eBay
By: Solen | 25-11-2007
An Italian placed a winning bid on this American Texas town (Albert), which is 13 miles, and has one unpopulated house. Is $3.8 million considered a high price for 13 miles worth of real estate in Texas?Does this make the buyer an American citizen, or does he still have to apply for a green card (not that having 3.8 million to spend indicates to his having to work for a living...)?
Investing with no money.
By: supermania | 20-11-2007
I'm 30 with no assets. I want to start investing in real estae but have no money.How can I start?
Where can i get aerial photos of Haifa, Israel
By: naknik | 15-11-2007
where can i get aerial photos of Haifa, Israel
Looking for inexpensive hotels near Sea World, San Diego
By: ALL4114ALL | 14-11-2007
I'm planning a trip to San Diego. I want to see everything at the zoo & Sea World & am looking for an inexpensive hotel to stay at near those places. Thanks in advance for your help!
Nationalization in georgia
By: popopo | 14-11-2007
what are the chances for nationalization of the real estate in georgia? (the east european country)
Real estate investing
By: Adisa | 13-11-2007
when will there be the best real estate buying oppty in the san diego area
Q&A Powered by: 
Latest Real Estate Articles
Expired Real Estate Listings; Buyers and Investors Have Accesss To Them, Too
By: lanard perry | 21/08/2008
It use to be that expired real estate listings were the near exclusive domain of real estate agents, but now buyers and investors have acces to them, too. Are you getting your fair share of them?
Redstones Property Auctions
By: Claira | 21/08/2008
A number of homes are available at all time offers by property auctions. Almost of these are being sold at prices lower than their market value but mainly important is that there are possible issues and concerns when dealing with auctions. But in actual these properties are valued based on the return on investment that they provide.
Tax Deferral 1031 Exchanges and Cost Segregation
By: Patrick C. OConnor | 21/08/2008
Tax deferral through 1031 exchanges, or tax-free exchanges of real estate, have become a popular method of tax deferral of capital gains taxes. Almost by definition, individuals who utilize the 1031 exchange option are reluctant to pay taxes that can legally be avoided. 1031 exchangers have asked if they can receive tax deferrals and enhance depreciation.
Tips For Saving Your Home From Foreclosure
By: Alan Largo | 21/08/2008
Foreclosures today are at an all-time high and many people are losing their homes in staggering numbers. Dealing with the financial difficulties that often lead to foreclosure are more than stressful enough without adding the horrendous threat of losing your home to the mix...
Finding Your First Home
By: Jennifer Stromsteen | 21/08/2008
Help finding the first home is easier today and the incentives available make now the right time to buy.
Trasylol Kidney Failure Problems and the Recall Class Action Lawsuit
By: Jhoana Cooper | 21/08/2008
Trasylol kidney failure problems are among the most common problems that can be found among the patients who have undergone a bypass surgery and were given Bayer’s drug. The vast majority of the patients who have to undergo a bypass surgery following heart problems had the option of the three anti-bleeding drugs that were available in the market. One can find Trasylol among these drugs; still, the safety of this drug is to be considered because the latest studies have proven that this anti-blee
Trasylol Kidney Failure Following Heart Surgery and the Class Action Lawsuit
By: Jhoana Cooper | 21/08/2008
A Trasylol kidney failure lawsuit is the best solution especially if you or a loved one has suffered from the side effects of this dangerous drug. There are plenty of side effects that have been associated with the use of the Trasylol during open heart bypass surgery. Every patient should have been made aware that there were generic alternatives that could have been used to control excessive bleeding during their bypass surgery. These alternatives are safer and less expensive without the serious
Must Have Features of Your Virtual Real Estate Investing Web Site
By: Charles Petty | 21/08/2008
Must Have Features of Your Virtual Real Estate Investing Web Site
More from Real Estate Advisor
Top 5 Yard Upgrades To Increase Home Value?
By: Real Estate Advisor | 05/11/2007 | Real Estate
There are plenty of research on the influence of city trees and open spaces on property values especially in residential settings. With proper landscape improvements, the economic value of a home can be increased immensely. This article focuses on the hedonic valuation of city trees which would not only benefit...
Are Beachfront Homes For You?
By: Real Estate Advisor | 28/09/2007 | Real Estate
Waterfront homes and seafront homes offer all the charms and attractions of a romantic idyllic living beside blue waters and are perhaps second to none. If you are someone looking to invest on a home with water views, near a beach, a lake or a bay, then it is good...
2007: Home Features That Buyers Want
By: Real Estate Advisor | 25/09/2007 | Real Estate
Extra garage space emerged among the top home feature preferences of home buyers in the latest home buyer preference survey conducted by National Association of Realtors (NAR).
The survey titled "2007 Profile of Buyers' Home Feature Preferences" brings to the forefront the changes that have taken place in home buyers' preferences...
Top 15 U.s. Cities With Likely Home Price Reductions
By: Real Estate Advisor | 20/07/2007 | Real Estate
There has been a shift in the risk of home price reductions in the U.S. towards Florida and California and some areas of the southwest, according to the PMI Mortgage Insurance Co.'s Summer 2007 U.S. Market Risk Index. The index ranks the 50 largest metropolitan statistical areas in the U.S....
Top 15 Cities With High Cost Of Living
By: Real Estate Advisor | 16/07/2007 | Real Estate
Moscow, the Russian capital, is the most expensive city in the world for cost of living followed by London, UK and Seoul, South Korea in the second and third position. The findings are based on the annual Cost of Living Survey conducted by Mercer Human Resource Consulting. Moscow tops the...
Want To Live A Long Life? Top 10 States For Longevity!
By: Real Estate Advisor | 12/07/2007 | Health
Top 10 and Bottom 10 U.S. States Where People Live the Longest
If you are looking to live to a ripe old age, then check out these top U.S. states where people are not only living longer but also better. Eons Inc. in its 2007 State of Longevity Report lists the...
Which U.S. Cities Are Most Green?
By: Real Estate Advisor | 09/07/2007 | Real Estate
The buzzword that is going around these days is 'green' - green homes, green building, green living etc. Here is the latest addition to the green world - the top 25 greenest cities in the U.S. These are cities that are more energy efficient and offer a living environment that...
Top 15 California Cities With Population Growth From 2005 To 2006
By: Real Estate Advisor | 06/07/2007 | Real Estate
Every year, the United States Census Bureau publishes data for population shifts between incorporated cities with more than 100,000 people. For cities within California, the top 15 are ranked below based on the percentage increase in population from July 2005 to July 2006.
1. Lancaster . ...
|
|
Finance 
