Arizona drops from 3 to 4 in foreclosure ranking
Phoenix Business Journal
Thursday, September 10, 2009 Arizona fell a notch to rank fourth in foreclosure activity among states in August, according to RealtyTrac.
The state saw a 10 percent July-to-August decrease in activity with one in every 150 Arizona homes, or 17,807, now involved in foreclosure.
Nevada topped the list with one of every 62 homes impacted by foreclosure proceedings, according to RealtyTrac. Florida was second, California third. Michigan, Idaho, Utah, Colorado, Georgia and Illinois round out the top 10.
Nationwide, 358,471 foreclosure filings were reported in August, nearly 1 percent less than the previous month but up nearly 18 percent from August 2008. RealtyTrac also reported one in every 357 U.S. homes received a filing in August.
The RealtyTrac U.S. Foreclosure Market Report tracks properties with at least one foreclosure filing reported during the month. That includes default notices, scheduled auctions and bank repossessions. Data is collected from more than 2,200 counties nationwide accounting for more than 90 percent of the nation’s population.
The state saw a 10 percent July-to-August decrease in activity with one in every 150 Arizona homes, or 17,807, now involved in foreclosure.
Nevada topped the list with one of every 62 homes impacted by foreclosure proceedings, according to RealtyTrac. Florida was second, California third. Michigan, Idaho, Utah, Colorado, Georgia and Illinois round out the top 10.
Nationwide, 358,471 foreclosure filings were reported in August, nearly 1 percent less than the previous month but up nearly 18 percent from August 2008. RealtyTrac also reported one in every 357 U.S. homes received a filing in August.
The RealtyTrac U.S. Foreclosure Market Report tracks properties with at least one foreclosure filing reported during the month. That includes default notices, scheduled auctions and bank repossessions. Data is collected from more than 2,200 counties nationwide accounting for more than 90 percent of the nation’s population.
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