Foreclosures Hit All-Time High

Foreclosures

Foreclosures hit another all-time high in Q3 with almost 938,000 homeowners filing, according to Realty Trac.

This rose at a substantial 5% clip from Q2.

If you’re aren’t feeling the pain, perhaps you don’t live in one of the six states that accounted for 62% of nationwide foreclosures alone:

  • California – down 1.5%
  • Florida – -0.7%
  • Arizona – +5%
  • Nevada – +9.8%
  • Illinois – +13.7%
  • Michigan – +9.5%

Basically, the pace of activity in the old sand states is finally winding down, but the crisis is spreading to the Midwest, and it’s happening fast.

Read the official release here.

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