3 States Account For Half Of The Country’s Foreclosures
June 6, 2009
Since 2007, foreclosures have dominated national real estate news. You can’t turn on the news or open a paper without seeing at least one foreclosure-related story.
But for all of the discussion, even two-and-a-half years after the peak of the housing market, home foreclosures continue to be geographically concentrated.
In looking at the latest stats from foreclosure marketplace RealtyTrac, more than half of the country’s foreclosure actions from March 2009 occurred in just 3 states — California, Florida and Nevada.