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.