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Foreclosures Per Capita
Foreclosure Activity Slows Again In June 2010 July 15, 2010 by · Leave a Comment 
 

313,841 foreclosure filings were made in June, according to foreclosure-tracking firm RealtyTrac. The figure represents a 3 percent drop from May and 7 percent drop from June of last year. However, foreclosure filings remain relatively high nationwide.
June marks the 16th straight month the filings topped 300,000. 1 in every 411 U.S. homes received some form of notice last month with foreclosure density varying wildly from state-to-state.
Like everything else in real estate, it seems, foreclosures are a local phenomenon.
The states with the highest foreclosures per capita were:
Nevada : 1 foreclosure filing per 88 homes Florida : 1 foreclosure filing per 171 homes Arizona : 1 foreclosure filing per 189 homes The states with the lowest foreclosures per capita were:
Vermont : 1 foreclosure filing per 26,051 homes West Virgina : 1 foreclosure filing per 8,058 homes South Dakota : 1 foreclosure filing per 6,528 homes Overall, 40 states beat the national Foreclosure Per Capita average and 10 states fell below. The sheer volume of REO, though, is creating interesting buying opportunities for first-timer buyers, move-up buyers, and real estate investors.
Homes bought from banks ... more

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