Nov

16

Foreclosure Market Report

November 16, 2007 |

California Cities At Top Of Foreclosure List
Is your city listed?
The Foreclosure Market report has released a list of the highest foreclosure rates in the country.
The cities of Riverside, Stockton, Sacramento, Bakersfield, and Oakland have some of the highest foreclosure rates in the country, according to RealtyTrac(R)’s Q3 2007 Metropolitan Foreclosure Market Report.  Stockton leads the nation’s 100 largest metro areas, with one foreclosure for every 31 households filed in the third quarter, while Riverside came in third, with one foreclosure for every 43 households, according to the report.

“Although cities in just three states — California, Ohio and Florida — accounted for more than two-thirds of the top 25 metro foreclosure rates, increasing foreclosure activity was not limited to just a few hot spots,” said James J. Saccacio, chief executive officer of RealtyTrac, which markets foreclosed properties.  “In fact, 77 out of the top 100 metro areas reported more foreclosure filings in the third quarter than they had in the previous quarter.”


Comments

1 Comment so far

  1. Brian LeBars on November 30, 2007 11:44 pm

    I think we will be seeing an increase in housing auctions with the increase in forclosures. In your experience have you been involved in any of these?

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