U.S foreclosure filings continued their upward climb in December, rising 97% from the previous year and 7% from the month before. Total foreclosures rose 75% in all of 2007.
According to MSN Real Estate's latest report, hardest-hit markets were along both coasts, which experienced a more severe boom and bust in the latest cycle, as well as areas hard hit by auto-industry layoffs such as Michigan and Indiana.
The surge in foreclosures is expected to continue at this same pace until after the next wave of risky loans resets in the middle of 2008.
2007 foreclosure filings by state
Rate Rank | State Name | Total # of filings | % chng. from 2006 | % chng. from 2005 | Total # of properties | %Households |
1 | 66,316 | 215.12 | 758.68 | 34,417 | 3.376 | |
2 | 279,325 | 123.96 | 129.25 | 165,291 | 2.002 | |
3 | 136,205 | 68.32 | 282.22 | 87,210 | 1.947 | |
4 | 481,392 | 237.99 | 681.95 | 249,513 | 1.921 | |
5 | 71,149 | 29.96 | 140.12 | 39,403 | 1.919 | |
6 | 153,196 | 87.93 | 207.35 | 89,979 | 1.797 | |
7 | 99,578 | 31.07 | 118.43 | 59,057 | 1.566 | |
8 | 69,970 | 150.91 | 160.7 | 38,568 | 1.516 | |
9 | 90,782 | 25.29 | 94.3 | 64,310 | 1.25 | |
10 | 52,930 | 11.31 | 73.57 | 27,980 | 1.027 | |
11 | 45,834 | 24.56 | 65.66 | 25,914 | 0.983 | |
12 | 149,703 | -4.57 | 9.22 | 84,469 | 0.936 | |
13 | 32,022 | 80.93 | 176.74 | 23,492 | 0.906 | |
14 | 53,652 | 34.06 | 52.75 | 31,071 | 0.902 | |
15 | 9,668 | -25.87 | -16.19 | 7,438 | 0.852 | |
16 | 23,470 | 100.05* | 111.38* | 11,860 | 0.833 | |
17 | 25,109 | 455.26 | 388.41 | 18,879 | 0.83 | |
18 | 37,426 | 66.52 | 135.07 | 29,101 | 0.739 | |
19 | 41,487 | 161.14 | 751.36 | 17,737 | 0.66 | |
20 | 6,032 | 140.51* | 119.83* | 3,640 | 0.611 | |
21 | 23,705 | 27.95 | 59.47 | 15,184 | 0.573 | |
22 | 10,746 | 12.25 | 56.76 | 8,461 | 0.543 | |
23 | 13,594 | -12.78 | 0.71 | 8,256 | 0.52 | |
24 | 24,199 | 456.3 | 728.73 | 16,307 | 0.514 | |
25 | 13,615 | 127.11* | 506.73* | 11,557 | 0.513 | |
26 | 14,310 | 26.44 | 23.58 | 6,406 | 0.513 | |
27 | 57,350 | 10.19 | 54.72 | 38,688 | 0.493 | |
28 | 1,650 | 54.64 | 17.69 | 1,332 | 0.486 | |
29 | 17,503 | 131.15* | 241.79* | 12,133 | 0.486 | |
30 | 3,971 | 30.88 | 91.84 | 3,636 | 0.474 | |
31 | 3,241 | 153.80* | 7804.88* | 1,838 | 0.41 | |
32 | 3,893 | -26.04 | -46.55 | 2,994 | 0.357 | |
33 | 7,404 | 114.92* | 251.90* | 4,103 | 0.314 | |
34 | 34,089 | -11.07 | 18.98 | 16,379 | 0.302 | |
35 | 8,793 | 23.45 | 76.96 | 5,105 | 0.274 | |
36 | 1,378 | 29.27 | 52.6 | 1,150 | 0.268 | |
37 | 7,903 | 81.76 | 83.07 | 5,572 | 0.268 | |
38 | 1,430 | 225.00* | 342.72* | 999 | 0.266 | |
39 | 5,038 | -27.56 | -33.76 | 4,247 | 0.22 | |
40 | N/A | N/A | N/A | 1,238 | 0.212 | |
41 | 7,331 | 151.58* | 90.61 | 3,968 | 0.204 | |
42 | 4,978 | 20.85 | 161.31* | 2,434 | 0.203 | |
43 | 1,270 | 88.71 | -60.39 | 966 | 0.197 | |
44 | 497 | 21.52 | 99.6 | 356 | 0.151 | |
45 | 1,997 | 91.65 | 4.55 | 1,409 | 0.114 | |
46 | 308 | 74.01 | 86.67 | 250 | 0.082 | |
47 | 1,135 | 30.31 | 10.95 | 460 | 0.053 | |
48 | N/A | N/A | N/A | 286 | 0.042 | |
49 | 61 | 35.56 | 1.67 | 29 | 0.009 | |
50 | N/A | N/A | N/A | 24 | 0.007 | |
| 800 | 607.96* | 393.83* | 777 | 0.28 | |
-- | U.S. | 2,203,295 | 74.99 | 148.83 | 1,285,873 | 1.033 |
*Actual increase may not be as high due to improved or expanded data coverage in this state.
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