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Sun Belt Dominates First Half of 2009

Cities in California, Florida, Nevada and Arizona continued to document the nationís highest foreclosure rates in the first half of 2009, with those states accounting for 35 of the 50 highest foreclosure rates among metro areas with a population of 200,000 or more, according to the Midyear 2009 Metropolitan Foreclosure Market Report from RealtyTrac.

While some of the most foreclosure-saturated metros in Michigan, Ohio, Indiana and California posted declining foreclosure activity in the first six months of 2009, other areas of the country not previously considered foreclosure hot spots have seen increased levels of activity.

More than 20% of the metro areas which showed above average levels of foreclosures were in states such as Oregon, Idaho, Utah, Arkansas, Illinois and South Carolina, suggesting that much of the new movement may be more directly related to growing unemployment than continuing fallout from subprime and adjustable rate loans.