RealtyTrac: Foreclosures Up in 75% of Major Metro Areas

Before you go, we thought you'd like these...
Before you go close icon
foreclosureAbout 75% of America's large metropolitan areas saw a year-on-year increase in home foreclosure activity in the first half of 2010, according to a new report.

RealtyTrac, an online marketplace for foreclosure properties, said 154 out of 206 metropolitan areas with a population of 200,000 or more saw an increase in foreclosure activity.

"While we're seeing early signs that foreclosure activity may have peaked in some of the hardest-hit markets, foreclosures continued to rise in three-quarters of the nation's metropolitan areas in the first half of the year," said James J. Saccacio, CEO of RealtyTrac.

Of the top-20 metro areas for foreclosure rate, nine were located in Florida and eight were in California.

Las Vegas had the highest foreclosure rate, with 6.6% of its housing units receiving a foreclosure filing. That's more than five times the national average.
Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading