Daily Real Estate News | January 27, 2011 |
Foreclosures Jump in Unexpected Cities
The foreclosure crisis is now spreading to cities that were once relatively unscathed from the crisis. Seattle, Houston, and Chicago have joined the list of other cities in the United States plagued by a growing number of foreclosures and home owners unable to make their mortgage payments.
Foreclosure activity increased in 149 of the country’s 206 largest metro areas last year, reported RealtyTrac Inc., a foreclosure listing firm.
In the Houston-Sugar Land-Baytown metro area, the foreclosure rate jumped 26 percent from 2009 - the largest increase in foreclosures among the top 20 metro areas, according to RealtyTrac.
In Seattle-Tacoma-Bellevue, the foreclosure rate increased nearly 23 percent - ranking second in areas with the largest increases. In Georgia, the Atlanta-Sandy Springs-Marietta metro area was third with a 21 percent spike...
http://www.realtor.org/RMODaily.nsf/pages/News2011012701
Foreclosures Jump in Unexpected Cities
The foreclosure crisis is now spreading to cities that were once relatively unscathed from the crisis. Seattle, Houston, and Chicago have joined the list of other cities in the United States plagued by a growing number of foreclosures and home owners unable to make their mortgage payments.
Foreclosure activity increased in 149 of the country’s 206 largest metro areas last year, reported RealtyTrac Inc., a foreclosure listing firm.
In the Houston-Sugar Land-Baytown metro area, the foreclosure rate jumped 26 percent from 2009 - the largest increase in foreclosures among the top 20 metro areas, according to RealtyTrac.
In Seattle-Tacoma-Bellevue, the foreclosure rate increased nearly 23 percent - ranking second in areas with the largest increases. In Georgia, the Atlanta-Sandy Springs-Marietta metro area was third with a 21 percent spike...
http://www.realtor.org/RMODaily.nsf/pages/News2011012701
