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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  August 10, 2006  |   Report Identifies Top Metro Foreclosure Rates
Indianapolis, Atlanta, and Dallas posted the nation's highest metropolitan foreclosure rates during the second quarter of 2006, according to Realtytrac.com, a publisher of real estate data.

This was the second quarter in a row that these cities were at the top of this dubious heap.

Denver, Memphis, Tenn., and San Antonio, Texas, also registered foreclosure rates among the nation's top 10 for the second quarter this year. The remaining four cities in the top 10 were new: Stockton, Calif., Salt Lake City, and the Texas cities of Austin and Houston.

Indianapolis, Atlanta, and Dallas all documented second-quarter foreclosure rates that were more than three times the national average. With 18,290 properties entering some stage of foreclosure during the quarter, Dallas reported the highest number of new foreclosure filings among the 100 largest metros.

Houston, Austin and Stockton were the only cities to report increasing foreclosure activity in the second quarter. Houston led the way with 11,659 properties entering some stage of foreclosure, a 40 percent increase from the previous quarter. Austin reported a 7 percent increase, and Stockton reported a 2 percent increase.

— REALTORŪ Magazine Online

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