Tuesday, April 29, 2008

Foreclosure Alert - 1 in 194 Households

Shocking news coming out today. Many links to new data showing that nationally 1 in every 194 is in some stage of foreclosure. Here are some of the alarming state numbers from RealtyTrac

1. Nevada - 1 in 54
2. California - 1 in 78
3. Arizona - 1 in 95
4. Florida - 1 in 97
5. Colorado - 1 in 110
6. Georgia - 1 in 136
7. Michigan - 1 in 153
8. Ohio - 1 in 161
9. Massachusetts - 1 in 166
10. Connecticut - 1 in 188

Meanwhile in New Jersey the rate is 1 in 265 and New York is 1 in 550.

Here are some articles about this depressing news -

Bloomberg

Associated Press

CNN Money

Reuters

Forbes

No comments: