Nevada posted the nation’s highest state foreclosure rate for the 22nd consecutive month in October, with one in every 74 housing units receiving a foreclosure filing during the month — more than six times the national average. Foreclosure filings were reported on 14,483 Nevada properties in October, an increase of 11% from the previous month and up nearly 119% from October 2007.
With one in every 149 housing units receiving a foreclosure filing in October, Arizona registered the second highest state foreclosure rate. Foreclosure filings were reported on 17,507 Arizona properties for the month, an increase of nearly 35% from the previous month and up 176% from October 2007.
One in every 157 Florida housing units received a foreclosure filing in October, the nation’s third highest state foreclosure rate. A total of 54,324 Florida properties received a foreclosure filing during the month, an increase of 13% from the previous month and up nearly 80% from October 2007.
Other states with foreclosure rates ranking among the top 10 were California, Colorado, Georgia, Michigan, New Jersey, Illinois and Ohio.
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NVMoneyMatters.com » Real Estate » Business leaders push for housing solutions // December 18, 2008 at 9:56 pm |
[...] is among the states hardest hit by the current housing decline, with the rate of Silver State foreclosure filings registered in October reported as six times [...]