- This topic has 1 reply, 2 voices, and was last updated 17 years, 4 months ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
From http://www.realtytrac.com/ContentManagement/RealtyTracLibrary.aspx?&ItemID=3233&accnt=64953
“Nevada continued to register the nation’s highest state foreclosure rate, one foreclosure filing for every 165 households — more than three times the national average. The state reported 6,197 foreclosure filings during the month, a 21 percent increase from the previous month and more than triple the number reported in August 2006.”
I think Nevada is somewhat special. Many of those homes are probably not primary residences. So, the secondary impact may be less.
I think a real crisis is:
“California’s foreclosure rate jumped to second highest among the states thanks to a 48 percent month-over-month spike in foreclosure activity. The state reported 57,875 foreclosure filings during the month, a foreclosure rate of one foreclosure filing for every 224 households — more than twice the national average.”