HOT SPOTS!!! Foreclosure

Cities in California, Florida, Nevada and Arizona once again accounted for all top-20 foreclosure rates in the first quarter among metropolitan areas with a population of at least 200,000, even while the majority of those top metros reported decreasing foreclosure activity from the first quarter of 2009, according to  RealtyTrac's Q1 2010 Metropolitan Foreclosure Market Report. The report shows that California accounted for 10 out of the top 20 metro foreclosure rates, followed by Florida with seven, Nevada with two and Arizona with one.

Foreclosure activity declined on a year-over-year basis in 14 of the cities in the top 20 and in eight of the cities in the top 10. In contrast, foreclosure activity in the first quarter increased on an annual basis in 159 of the 206 metro areas tracked in the report, and foreclosure activity nationwide increased 16 percent from the first quarter of 2009.

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