The Real Estate Bloggers

Top 10 Highest Foreclosure States For First Half of 2010

Posted: 15 Jul 2010 05:43 AM PDT

Foreclosure2 Foreclosures are a part of the United States housing landscape right now, and a new report from RealtyTrac shows that the problem is not going away anytime soon. 1.65 million homes were in some stage of foreclosure in the United States during the 1^st quarter.

In Nevada it was even more dramatic with one out of every 17 homes in foreclosure. To give this some perspective, Nevada foreclosures back in February of 2009 were historically high at 1 in 70 homes. The next closest state was California at 1 in 165 homes.

Now the top 9 worst foreclosure states are under the 1 in 70 homes mark.

Foreclosures and short sales are now the dominant part of the real estate market.

Yikes.

Top 10 Highest Foreclosure States For First Half of 2010

Rank    State           Total      1/every X HU _______________________________________________  --      U.S.            1,654,634       78 1       Nevada          64,429          17 2       Arizona         91,484          30 3       Florida         277,073         32 4       California      340,740         39 5       Utah            18,058          52 6       Georgia         71,949          56 7       Michigan        78,509          58 8       Idaho           10,799          59 9       Illinois        85,223          62 10      Colorado        30,177          71

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Top 10 Highest Foreclosure States For First Half of 2010