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Foreclosures Concentrated in Just One Percent of U.S. Counties

More than 50 percent of the country’s 3 million foreclosures in 2008 can be traced to just 35 of the 3,000 counties in the U.S. According to an article in USA Today, these counties were bunched in Southern California, the

More than 50 percent of the country’s 3 million foreclosures in 2008 can be traced to just 35 of the 3,000 counties in the U.S.

According to an article in USA Today, these counties were bunched in Southern California, the Las Vegas area, in and around Phoenix, in South Florida, and Washington, D.C. “They were the epicenter of a wave of foreclosures that have left leading banks teetering and magnified the nation’s economic problems.”

Read more at:
Most Foreclosures Pack Into a Few Counties, USA Today, March 5, 2009.

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Posted in Eric OKeefe, Feature, News Desk, Residential Property, Topics

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