10 States Still Battling High Foreclosure Rates
10 States Still Battling High Foreclosure Rates
Several states continue to be plagued with high foreclosure rates. RealtyTrac reported last week that foreclosure starts rose 6 percent year-over-year, which is the third consecutive month for increases following what had been more than a year of declines.
California has the highest foreclosure rate in the country, according to RealtyTrac, with one in every 325 housing units receiving a foreclosure filing in July (more than twice the national average). California had the highest foreclosure rate in the country despite an 11 percent decline month-over-month and a 25 percent drop year-over-year, according to RealtyTrac.
The states with the highest foreclosure rates in JulyRealtyTrac’s most recent data--are:
- California: 1 in every 325 housing units
- Arizona: 1 in every 346 housing units
- Florida: 1 in every 352 housing units
- Georgia: 1 in every 376 housing units
- Illinois: 1 in every 385 housing units
- Nevada: 1 in every 415 housing units
- Michigan: 1 in every 518 housing units
- Ohio: 1 in every 528 housing units
- South Carolina: 1 in every 536 housing units
- Indiana: 1 in every 665 housing units
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