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Q:

What are the latest foreclosure rates for households in the SLC states?
A:

The housing market in the U.S. has been contracting in the last year or so.  The implosion of the sub-prime mortgage market has also been another important related trend.  Both these developments have already impacted on the finances of a number of SLC states.  According to the latest report from RealtyTrac Inc., the leading online marketplace for foreclosure properties, for the first six months of 2007, there was a foreclosure filing for every 134 U.S. households.  Nevada, Colorado and California were the top 3 foreclosure states in the country while in the SLC, Florida and Georgia ranked in the top 10.

SLC Foreclosure Market Statistics, January to June 2007

National Rate Rank

State Name

Foreclosure Filings

1 filing for every #HH

% from prev 6 months

% from First Half 2006

--

United States

925,986

134

39

56

38

Alabama

4,113

506

34

223

16

Arkansas

6,901

181

32

13

5

Florida

102,213

81

48

84

7

Georgia

45,027

84

24

13

31

Kentucky

4,503

414

7

55

39

Louisiana

3,660

530

67

411

25

Maryland

7,034

323

207

215

45

Mississippi

939

1,316

44

140

17

Missouri

14,082

184

51

68

19

North Carolina

17,428

226

75

39

20

Oklahoma

6,819

233

-5

-19

42

South Carolina

2,146

898

-17

-51

12

Tennessee

21,447

123

22

12

14

Texas

69,471

130

-10

-13

34

Virginia

7,430

427

204

289

44

West Virginia

722

1,208

62

69