| By Dennis Norman, on July 26th, 2012 This morning RealtyTrac? released its Midyear 2012 Metropolitan Foreclosure Market Report, showing that, for the first half of 2012, foreclosure activity increased from the prior 6-month period in 125 of the 212 metro areas in the U.S. that have a population of 200,000 or more. On a positive note, the foreclosure activity for the first half of 2012 was less than that in the first half of 201 for 129 metro areas. Highlights from the report: - California accounted for seven of the 10 highest metro foreclosure rates and 10 of the top 20 metro foreclosure rates during the first half of the year.
- Florida accounted for four of the top 20 metro foreclosure rates, and Illinois accounted for two of the top 20. Georgia, Arizona, Nevada and Colorado each had one city in the top 20.
- Stockton, Calif., posted the nation?s highest metro foreclosure rate, 2.66 percent of housing units (one in every 38) with a foreclosure filing in the first half of 2012 ? more than three times the national average. There were a total of 6,218 Stockton properties with a foreclosure filing during the six-month period, a decrease of 13 percent from the previous six months and a decrease of 16 percent from the first half of 2011.
- Four other California cities ranked in the top 5 metro foreclosure rates despite decreasing foreclosure activity: Modesto at No. 2 (2.61 percent of housing units with a foreclosure filing), Riverside-San Bernardino-Ontario at No. 3 (2.59 percent), Vallejo-Fairfield at No. 4 (2.56 percent), and Merced at No. 5 (2.15 percent).
- Atlanta was the only metro area with a top 10 foreclosure rate to register increasing foreclosure activity in the first half of 2012. A total of 46,267 Atlanta area properties had a foreclosure filing during the six-month period, 2.14 percent of all housing units (one in every 47) ? the nation?s sixth highest metro foreclosure rate. Atlanta area foreclosure activity increased 3 percent from the previous six months and was up 5 percent from the first half of
- Half of the nation?s 20 largest metro areas in terms of population documented increasing foreclosure activity from the previous six months, led by the Tampa-St. Petersburg-Clearwater metro area in Florida with a 47 percent increase.
Best metros for foreclosure buying and investing in second half of 2012 Metro | Q2 2012 FC Starts | FC Starts %? from Q1 2012 | Q1 2012 Avg FC Sales Price | Sales Price %? from Q1 2011 | Q1 2012 Avg Foreclosure Discount % | REO Inventory Months? Supply | Durham, NC | 185 | 62.28 | $154,951 | 19.44 | 24.68 | 11.28 | Springfield, MA | 401 | 59.76 | $99,293 | 11.63 | 46.46 | 13.92 | Olympia, WA | 197 | 58.87 | $183,806 | 9.69 | 15.82 | 9.20 | Boston, MA | 1,804 | 52.36 | $204,702 | 7.13 | 44.64 | 17.92 | Providence, RI | 327 | 42.79 | $136,901 | 7.07 | 36.42 | 14.63 | Worcester, MA | 573 | 39.08 | $138,911 | 12.76 | 38.44 | 13.61 | Montgomery, AL | 285 | 37.02 | $95,092 | 10.78 | 34.76 | 16.98 | Cleveland, OH | 3,165 | 34.00 | $69,468 | 9.05 | 37.27 | 15.33 | San Luis Obispo, CA | 365 | 8.31 | $322,812 | 6.00 | 23.29 | 7.95 | Phoenix, AZ | 13,606 | 8.12 | $130,763 | 7.25 | 22.48 | 11.10 |
Source: RealtyTrac 2012 Midyear U.S. Metro Foreclosure Market Data Rate Rank | Metro Name | Properties with FC Filings | %HU | 1/every X HU | %? from Jul-Dec 11 | %? from Jan-Jun 11 | ? | U.S. Total | 1,045,801 | 0.79 | 126 | 1.52 | -10.65 | 1 | Stockton, CA | 6,218 | 2.66 | 38 | -13.42 | -16.22 | 2 | Modesto, CA | 4,691 | 2.61 | 38 | -9.61 | -19.45 | 3 | Riverside-San Bernardino-Ontario, CA | 38,895 | 2.59 | 39 | -8.71 | -17.17 | 4 | Vallejo-Fairfield, CA | 3,913 | 2.56 | 39 | -17.69 | -15.94 | 5 | Merced, CA | 1,802 | 2.15 | 46 | -12.40 | -22.79 | 6 | Atlanta-Sandy Springs-Marietta, GA | 46,267 | 2.14 | 47 | 2.70 | 4.77 | 7 | Phoenix-Mesa-Scottsdale, AZ | 37,418 | 2.08 | 48 | -5.12 | -38.64 | 8 | Bakersfield, CA | 5,884 | 2.07 | 48 | -9.98 | -22.91 | 9 | Las Vegas-Paradise, NV | 17,158 | 2.04 | 49 | -42.73 | -60.95 | 10 | Visalia-Porterville, CA | 2,881 | 2.03 | 49 | -2.24 | -9.94 | 11 | Sacramento?Arden-Arcade?Roseville, CA | 17,520 | 2.01 | 50 | -16.61 | -19.34 | 12 | Orlando-Kissimmee, FL | 17,959 | 1.91 | 52 | 43.82 | 41.29 | 13 | Miami-Fort Lauderdale-Pompano Beach, FL | 46,559 | 1.89 | 53 | 12.97 | 23.74 | 14 | Rockford, IL | 2,661 | 1.82 | 55 | 50.59 | 53.46 | 15 | Chicago-Naperville-Joliet, IL-IN-WI | 69,215 | 1.82 | 55 | 28.03 | 25.38 | 16 | Fresno, CA | 5,610 | 1.78 | 56 | -14.30 | -24.51 | 17 | Cape Coral-Fort Myers, FL | 6,149 | 1.66 | 60 | -7.32 | -29.31 | 18 | Lakeland, FL | 4,659 | 1.66 | 60 | 65.15 | 73.20 | 19 | Oxnard-Thousand Oaks-Ventura, CA | 4,558 | 1.62 | 62 | -14.56 | -12.21 | 20 | Greeley, CO | 1,519 | 1.58 | 63 | 3.40 | -21.09 | 21 | Palm Bay-Melbourne-Titusville, FL | 4,250 | 1.57 | 63 | 134.55 | 101.14 | 22 | Prescott, AZ | 1,721 | 1.56 | 64 | -4.12 | -30.46 | 23 | Tampa-St. Petersburg-Clearwater, FL | 20,951 | 1.55 | 65 | 46.93 | 35.81 | 24 | Jacksonville, FL | 8,808 | 1.47 | 68 | 18.63 | 21.04 | 25 | Flint, MI | 2,735 | 1.42 | 70 | -2.32 | -16.77 | 26 | Sarasota-Bradenton-Venice, FL | 5,702 | 1.42 | 70 | 1.59 | 19.61 | 27 | Ocala, FL | 2,309 | 1.41 | 71 | 2.26 | 16.38 | 28 | Myrtle Beach-Conway-North Myrtle Beach, SC | 2,570 | 1.38 | 72 | 16.34 | 46.36 | 29 | Salinas, CA | 1,882 | 1.35 | 74 | -18.46 | -22.20 | 30 | Detroit-Warren-Livonia, MI | 25,108 | 1.33 | 75 | -17.30 | -26.79 | 31 | Santa Barbara-Santa Maria-Goleta, CA | 2,033 | 1.33 | 75 | -6.23 | -12.14 | 32 | San Diego-Carlsbad-San Marcos, CA | 15,327 | 1.32 | 76 | -10.84 | -16.84 | 33 | Santa Rosa-Petaluma, CA | 2,680 | 1.31 | 76 | -18.81 | -20.45 | 34 | Los Angeles-Long Beach-Santa Ana, CA | 58,801 | 1.31 | 76 | -13.28 | -17.58 | 35 | Chico, CA | 1,251 | 1.31 | 77 | -0.56 | -10.19 | 36 | Lake Havasu City-Kingman, AZ | 1,407 | 1.27 | 79 | -18.90 | -36.93 | 37 | Charleston-North Charleston, SC | 3,764 | 1.26 | 79 | 16.89 | 7.39 | 38 | Macon, GA | 1,250 | 1.23 | 81 | 3.73 | 18.15 | 39 | Columbus, OH | 9,461 | 1.19 | 84 | 15.99 | 13.74 | 40 | Santa Cruz-Watsonville, CA | 1,246 | 1.19 | 84 | -14.19 | -16.71 | 41 | San Luis Obispo-Paso Robles, CA | 1,398 | 1.19 | 84 | -9.69 | -25.04 | 42 | Reno-Sparks, NV | 2,226 | 1.19 | 84 | -44.36 | -58.88 | 43 | Tucson, AZ | 5,252 | 1.19 | 84 | -9.60 | -33.85 | 44 | Indianapolis-Carmel, IN | 9,014 | 1.19 | 84 | 42.78 | 33.38 | 45 | Boise City-Nampa, ID | 2,897 | 1.18 | 85 | -9.64 | -45.71 | 46 | Savannah, GA | 1,759 | 1.16 | 86 | -5.12 | -4.87 | 47 | Lansing-East Lansing, MI | 2,296 | 1.15 | 87 | -1.25 | -10.49 | 48 | Salt Lake City, UT | 4,704 | 1.15 | 87 | -16.79 | -36.58 | 49 | Cleveland-Elyria-Mentor, OH | 10,717 | 1.12 | 89 | 9.30 | 18.64 | 50 | Milwaukee-Waukesha-West Allis, WI | 7,385 | 1.10 | 91 | -2.48 | -2.79 | 51 | San Francisco-Oakland-Fremont, CA | 19,124 | 1.10 | 91 | -20.93 | -24.01 | 52 | Canton-Massillon, OH | 1,919 | 1.07 | 93 | 15.46 | 31.71 | 53 | Toledo, OH | 3,191 | 1.06 | 94 | -5.81 | 3.98 | 54 | Denver-Aurora, CO | 11,336 | 1.05 | 95 | -3.89 | -17.29 | 55 | Provo-Orem, UT | 1,558 | 1.03 | 97 | -24.63 | -34.48 | 56 | Charlotte-Gastonia-Concord, NC-SC | 7,544 | 1.02 | 98 | 31.02 | 22.69 | 57 | Colorado Springs, CO | 2,682 | 1.01 | 99 | -2.08 | -10.15 | 58 | Des Moines-West Des Moines, IA | 2,369 | 0.99 | 101 | -3.93 | -12.84 | 59 | Green Bay, WI | 1,347 | 0.98 | 102 | 4.58 | 16.22 | 60 | Naples-Marco Island, FL | 1,911 | 0.97 | 103 | 5.29 | 3.02 | 61 | Pensacola-Ferry Pass-Brent, FL | 1,909 | 0.95 | 106 | 22.69 | 36.07 | 62 | Greenville-Mauldin-Easley, SC | 2,623 | 0.95 | 106 | 10.72 | 21.38 | 63 | Deltona-Daytona Beach-Ormond Beach, FL | 2,361 | 0.93 | 108 | -4.02 | -24.50 | 64 | Port St. Lucie, FL | 1,993 | 0.93 | 108 | 8.08 | -26.21 | 65 | Grand Rapids-Wyoming, MI | 2,988 | 0.92 | 108 | -13.79 | -20.19 | 66 | Albuquerque, NM | 3,423 | 0.91 | 109 | -11.04 | 10.92 | 67 | Minneapolis-St. Paul-Bloomington, MN-WI | 12,338 | 0.91 | 110 | 11.10 | -6.35 | 68 | San Jose-Sunnyvale-Santa Clara, CA | 5,878 | 0.90 | 111 | -18.02 | -30.19 | 69 | Cincinnati-Middletown, OH-KY-IN | 8,181 | 0.89 | 112 | 6.75 | 14.01 | 70 | Akron, OH | 2,755 | 0.88 | 113 | -8.50 | -11.56 | 71 | Saginaw-Saginaw Township North, MI | 762 | 0.88 | 114 | -32.15 | -15.43 | 72 | Medford, OR | 787 | 0.87 | 116 | -22.77 | -25.33 | 73 | Columbia, SC | 2,867 | 0.86 | 116 | -6.73 | -7.37 | 74 | Augusta-Richmond County, GA-SC | 2,031 | 0.86 | 117 | 30.69 | 26.54 | 75 | Spartanburg, SC | 1,045 | 0.85 | 117 | 12.73 | 17.15 | 76 | Gainesville, FL | 1,023 | 0.85 | 117 | 20.35 | 35.14 | 77 | Fort Wayne, IN | 1,467 | 0.82 | 121 | 81.33 | 65.58 | 78 | Dayton, OH | 3,141 | 0.82 | 123 | 0.45 | -14.27 | 79 | Manchester-Nashua, NH | 1,345 | 0.81 | 123 | 10.34 | 13.79 | 80 | Kalamazoo-Portage, MI | 1,172 | 0.80 | 125 | -6.91 | -15.87 | 81 | Tallahassee, FL | 1,294 | 0.79 | 126 | 129.43 | 34.09 | 82 | Tulsa, OK | 3,243 | 0.79 | 126 | -2.20 | -21.89 | 83 | Youngstown-Warren-Boardman, OH-PA | 2,038 | 0.78 | 127 | 33.55 | 4.35 | 84 | Reading, PA | 1,286 | 0.78 | 128 | 44.01 | 36.08 | 85 | Madison, WI | 1,967 | 0.78 | 129 | 13.77 | 18.71 | 86 | St. Louis, MO-IL | 9,672 | 0.77 | 129 | 10.08 | 8.27 | 87 | Appleton, WI | 715 | 0.77 | 130 | 10.85 | 4.99 | 88 | Kansas City, MO-KS | 6,798 | 0.77 | 130 | 18.33 | -18.47 | 89 | Columbus, GA-AL | 929 | 0.72 | 138 | 24.03 | 9.68 | 90 | Fort Collins-Loveland, CO | 935 | 0.70 | 142 | -7.33 | -17.69 | 91 | Louisville/Jefferson County, KY-IN | 3,941 | 0.70 | 142 | 12.96 | 20.15 | 92 | Ann Arbor, MI | 1,035 | 0.70 | 143 | -22.65 | -24.62 | 93 | Winston-Salem, NC | 1,489 | 0.69 | 144 | 26.94 | 18.83 | 94 | Worcester, MA | 2,256 | 0.69 | 145 | -9.47 | 17.19 | 95 | Mobile, AL | 1,221 | 0.69 | 146 | 1.24 | -13.83 | 96 | New Orleans-Metairie-Kenner, LA | 3,678 | 0.68 | 146 | -2.54 | -18.23 | 97 | Dallas-Fort Worth-Arlington, TX | 17,094 | 0.68 | 146 | 0.01 | -7.32 | 98 | Memphis, TN-MS-AR | 3,710 | 0.67 | 148 | 10.29 | 1.87 | 99 | Portland-Vancouver-Beaverton, OR-WA | 6,133 | 0.66 | 151 | -18.60 | -26.69 | 100 | Greensboro-High Point, NC | 2,135 | 0.66 | 151 | 17.70 | 17.96 | 101 | Birmingham-Hoover, AL | 3,289 | 0.66 | 152 | 2.97 | -7.20 | 102 | Salem, OR | 992 | 0.66 | 152 | -27.06 | -32.05 | 103 | Florence, SC | 573 | 0.64 | 155 | 31.72 | 269.68 | 104 | Virginia Beach-Norfolk-Newport News, VA-NC | 4,420 | 0.64 | 155 | 11.03 | -20.65 | 105 | Holland-Grand Haven, MI | 659 | 0.64 | 156 | -27.66 | -32.41 | 106 | Houston-Sugar Land-Baytown, TX | 14,563 | 0.63 | 158 | -4.47 | -14.82 | 107 | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 15,256 | 0.63 | 160 | 29.54 | 31.20 | 108 | Nashville-Davidson?Murfreesboro?Franklin, TN | 4,096 | 0.61 | 163 | 11.52 | -19.29 | 109 | Davenport-Moline-Rock Island, IA-IL | 1,000 | 0.60 | 167 | 13.25 | -4.67 | 110 | Springfield, IL | 567 | 0.59 | 169 | 44.27 | -13.17 | 111 | South Bend-Mishawaka, IN-MI | 825 | 0.59 | 171 | 30.95 | -0.48 | 112 | Chattanooga, TN-GA | 1,371 | 0.58 | 171 | 1.63 | -15.84 | 113 | Baton Rouge, LA | 1,928 | 0.58 | 171 | 13.88 | -2.58 | 114 | York-Hanover, PA | 1,038 | 0.58 | 172 | 1.96 | -21.54 | 115 | Ogden-Clearfield, UT | 1,083 | 0.58 | 172 | -41.33 | -55.80 | 116 | San Antonio, TX | 4,844 | 0.58 | 173 | 10.92 | -1.80 | 117 | Omaha-Council Bluffs, NE-IA | 2,056 | 0.57 | 176 | 24.76 | 33.42 | 118 | New Haven-Milford, CT | 1,953 | 0.54 | 185 | 11.47 | 33.13 | 119 | Waco, TX | 512 | 0.54 | 186 | 54.22 | -5.54 | 120 | Wichita, KS | 1,404 | 0.53 | 187 | -17.89 | -4.29 | 121 | Allentown-Bethlehem-Easton, PA-NJ | 1,794 | 0.52 | 191 | 26.34 | 21.96 | 122 | Springfield, MA | 1,497 | 0.52 | 193 | -13.42 | 39.13 | 123 | Seattle-Tacoma-Bellevue, WA | 7,530 | 0.51 | 194 | -24.49 | -49.13 | 124 | Barnstable Town, MA | 818 | 0.51 | 196 | 2.63 | 47.12 | 125 | Oklahoma City, OK | 2,746 | 0.51 | 196 | -7.07 | -0.58 | 126 | Raleigh-Cary, NC | 2,331 | 0.50 | 200 | 4.06 | 1.08 | 127 | Austin-Round Rock, TX | 3,529 | 0.50 | 200 | -1.84 | -28.71 | 128 | Montgomery, AL | 774 | 0.48 | 209 | 14.50 | -15.50 | 129 | Killeen-Temple-Fort Hood, TX | 759 | 0.48 | 210 | 28.43 | -17.23 | 130 | Providence-New Bedford-Fall River, RI-MA | 3,263 | 0.47 | 213 | -23.35 | -21.81 | 131 | Las Cruces, NM | 381 | 0.47 | 214 | 0.79 | -21.77 | 132 | Richmond, VA | 2,446 | 0.46 | 217 | -9.07 | -35.46 | 133 | Cedar Rapids, IA | 516 | 0.46 | 218 | -7.69 | -14.29 | 134 | Lafayette, IN | 385 | 0.46 | 219 | 11.92 | -6.10 | 135 | Sioux Falls, SD | 436 | 0.45 | 220 | 59.71 | 11.22 | 136 | Anchorage, AK | 699 | 0.45 | 221 | 13.11 | -18.53 | 137 | Knoxville, TN | 1,418 | 0.45 | 223 | -3.93 | -28.60 | 138 | Bridgeport-Stamford-Norwalk, CT | 1,587 | 0.44 | 228 | 4.20 | 16.01 | 139 | Boulder, CO | 552 | 0.43 | 230 | -9.36 | -27.46 | 140 | Eugene-Springfield, OR | 673 | 0.43 | 232 | -14.70 | -23.87 | 141 | Lafayette, LA | 497 | 0.43 | 233 | 5.52 | 0.00 | 142 | Boston-Cambridge-Quincy, MA-NH | 8,083 | 0.43 | 233 | -12.11 | 9.36 | 143 | Norwich-New London, CT | 518 | 0.43 | 234 | 7.02 | 29.18 | 144 | Evansville, IN-KY | 680 | 0.43 | 234 | 52.13 | 86.81 | 145 | Roanoke, VA | 611 | 0.42 | Source: http://www.realestateindustrynews.com/foreclosures/over-half-of-the-metro-areas-in-u-s-see-increased-foreclosure-activity-in-first-half-of-2012/ jonbenet ramsey jason campbell doobie brothers jennie garth peter facinelli marques colston golden state warriors free agents nfl 2012
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