Foreclosures by State

By admin, June 9, 2011 3:34 am

Foreclosures by State Density Map

Foreclosures Rates by State

The supply side of the US Real Estate market can not be accurately gaged by any expert.  The size of shadow inventory continues to be a highly debated variable.  One thing is for certain though, the number of US Foreclosures is contributing to the supply side and, give the current delinquency rates, will continue to do for some time.  It will definitely be years, if not a decade, before the US Real Estate market recovers to anywhere near historically high valuations.

Foreclosure Rates by State 2

Foreclosures by State 2011

The above U.S. Foreclosure Rates by State density map shows a concentration of foreclosures in the following 10 states:

Notice of Default (NOD) and Lis Pendens(LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). The report does not count a property again if it receives the same type of foreclosure filing multiple times within the estimated foreclosure timeframe for the state where the property is located.
Rate Rank State Name NOD LIS NTS NFS REO Total   %? from Mar 11 %? from Apr 10
1/every X HU (rate)
U.S. 31,684 31,738 65,898 20,406 69,532 219,258 593 -8.56 -34.32
1 Nevada 3,356 0 3,799 0 4,606 11,761 97 -8.83 -27.48
2 Arizona 9 0 6,779 0 6,631 13,419 205 -14.56 -16.59
3 California 22,599 0 19,529 0 13,741 55,869 240 -7.26 -19.87
4 Utah 552 0 1,344 0 1,065 2,961 322 -13.65 -30.59
5 Idaho 646 0 949 0 399 1,994 325 -0.15 -29.62
6 Michigan 3,497 0 4,267 0 5,232 12,996 349 -11.08 -32.22
7 Florida 0 8,958 0 6,346 4,345 19,649 451 -0.31 -59.39
8 Georgia 0 0 6,178 0 2,301 8,479 479 -35.04 -39.28
9 Colorado 17 0 2,423 0 1,939 4,379 495 -8.6 -31.39
10 Oregon 41 0 2,574 0 681 3,296 497 66.89 -13.56

 How low will real estate go? 

Those looking to google Real Estate and take advantage of the high US Foreclosure rates should have at least another year of golden opportunity.

For a Flash Interactive version of the Foreclosures by State (County)  map, click here.

The Foreclosures by State (County) map and data were created by RealtyTrac.com:

For information on purchasing a Foreclosure, read the following articles:

Foreclosure Rates by State 1

Another informative article from google Real Estate.

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