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Foreclosures Up In Most Metros
Foreclosures are up compared to last year in more than half of the biggest cities in the nation.
Of the 206 U.S. metropolitan areas with populations of more than 200,000, foreclosures were up year-over-year in more than half of them, according to RealtyTrac Inc.
Four states—California, Florida, Nevada and Arizona—accounted for all top 20 metro foreclosure rates. Florida led the way, with nine of the top 20 metro foreclosure rates, followed by California with eight, Nevada with two and Arizona with one.
Las Vegas continued to post the nation's highest metro foreclosure rate in the first half of the year, with 6.60 percent of its housing units (one in 15) receiving a foreclosure filing—more than five times the national average. A total of 53,525 Las Vegas properties received a foreclosure filing during the six-month period, a decrease of nearly 15 percent from the previous six months and a decrease of nearly 9 percent from the first half of 2009.
More details on foreclosures in the first six months of the year are available from the Silicon Valley/San Jose Business Journal.
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