Thursday, March 12, 2009

Foreclosures continue to rise

According to a story released today on the number of foreclosures continue to be up significantly vs last year.

Some states with the worst levels of foreclosure include:
  1. Nevada (1 in 70 houses in foreclosure)
  2. Arizona (1 in 147 houses in foreclosure)
  3. California (1 in 165 houses in foreclosure)
  4. Florida (1 in 188 houses in foreclosure)
Things in South Carolina got significantly worse compared to last year---As South Carolina's unemployment rate jumped to double-digits, foreclosure filings jumped 254%---and now foreclosures represent 1 in every 818 South Carolina homes.

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