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Among the country's top 20 metro markets, all but Seattle posted a year-over-year decline in foreclosures. Seattle experienced the biggest jump in foreclosure rate, climbing from number 97 in the first half of 2010 to 57 most recently. More than 200 metros were reported.
Houston, however, had the second-greatest jump, moving from 109th in foreclosure rate to 91st, followed by Minneapolis, which climbed from 79th to 64th.
California, Nevada and Arizona cities accounted for all of the company's top 10 metro foreclosure rates, and 15 of the top 20. The Las Vegas-Paradise region had the nation's highest rate with one in every 19 homes foreclosed.
"Foreclosure activity continued to slow in the first half of 2011, especially in the most foreclosure-saturated markets and in markets where the judicial foreclosure process is used,” said James Saccacio, chief executive officer of RealtyTrac.
Mortgage delinquencies move lower in JanuaryAccording to Lender Processing Services, the total U.S. loan delinquency rate fell to 7 percent in January, down from 9 percent in December and from 8.3 percent during the same month in 2012March 11th, 2013 6:03am
MBA: Foreclosures hit four-year lowFewer people experienced foreclosure in the final three months of 2012, according to a new report from one of the foremost real estate industry sources.February 28th, 2013 3:52am
National foreclosure inventory declinesThe national foreclosure inventory thinned in August to the lowest level seen since the middle of 2010, which could be an indicator that the housing market recovery is well underway.October 5th, 2012 9:58am
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