California Cities Still Dominate Foreclosure Rates
The 26 American cities with the worst foreclosure problems are concentrated in four states: California, Florida, Arizona and Nevada.
RealtyTrac's latest report on foreclosures for the first quarter says the highest rates were in Las Vegas, Merced, (Calif.) and the Cape Coral-Fort Myers area in Florida.
Next on the list were the California metro areas of Stockton, Riverside, Modesto, Bakersfield and Vallejo-Fairfield. Phoenix and Port St. Lucie, Fla., rounded out the top 10.
Published at 10:40 AM PDT on Apr 22, 2009
Copyright Associated Press