Realty Trac ranks states’ foreclosure rates by home many foreclosures there are per household. So where do Raleigh, Cary and Durham rank? The top 10 states struggling with high foreclosure rates per Realty Trac are:
Properties with Foreclosure Filings from Realty Trac: Click to enlarge
Nevada has 1 in every 69 households. Wow!
Durham recently posted a 1% drop in their foreclosure rate to one in every 2,184 homes foreclosed boasting “… the 18th lowest foreclosure rate among the 203 U.S. metros with more than 200,000 people.”
Raleigh-Cary saw 663 foreclosures in April, an increase of 4.74 percent from March and 15.91 percent more than in April 2009. With one in 666 homes foreclosed, Raleigh-Cary posted the 130th highest rate out of the 203 metros surveyed.