If you don't follow Inman news, I recommend it. Another good article about how the ripples of foreclosures are spreading out was just posted at: http://www.inman.com/news/2009/10/28/foreclosures-spread-bubble-markets
An analysis of foreclosure-related filings at the metro level by data aggregator RealtyTrac shows new hot spots emerging in cities not generally viewed as bubble markets, including Provo, Utah; Rockford, Ill.; and Lansing, Mich.
All but one of the 20 metro markets tracked by RealtyTrac as having the highest rate of foreclosure-related filings during the third quarter were located in four states where speculation helped drive up prices during the boom: California, Florida, Nevada and Arizona. Those states also accounted for 37 of the 50 markets identified as having the highest foreclosure rates.
... and of course that is but a snipped of the article.
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