"FORECLOSURE RATES ARE RISING" That's the headline you will likely see. DON'T PANIC! Louisiana's foreclosure rate is still very low.
Louisiana ranks #39 on the list. For the first 6 months of 2009, our state had 5,160 foreclosure filings. That converts to 0.28 percent of housing units (one in 360). States with the highest rates report one in 16 in Nevada and one in 30 in Arizona.
RealtyTrac collects data from every state and most couties or parishes to generate their reports.
From the RealtyTrac Report:
"Nevada, Arizona, Florida post top state foreclosure rates
More than 6 percent of Nevada housing units (one in 16) received at least one foreclosure filing in the first half of 2009, giving it the nation's highest foreclosure rate during the six-month period. A total of 68,708 Nevada properties received a foreclosure filing from January to June, an increase of 23 percent from the previous six months and an increase of 61 percent from the first half of 2008.
Arizona registered the nation's second highest state foreclosure rate in the first half of 2009, with 3.37 percent of its housing units (one in 30) receiving at least one foreclosure filing, and Florida registered the nation's third highest state foreclosure rate, with 3.08 percent of its housing units (one in 33) receiving at least one foreclosure filing.
Other states with foreclosure rates ranking among the nation's 10 highest were California (2.94 percent), Utah (1.46 percent), Georgia (1.42 percent), Michigan (1.34 percent), Illinois (1.31 percent), Idaho (1.26 percent) and Colorado (1.25 percent)."
You can see the whole thing on the web at
http://www.realtytrac.com/ContentManagement/PressRelease.aspx?channelid=9&ItemID=6802
This map shows the hot spots across the USA
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