California fourth in foreclosures per capita

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RealtyTrac’s year-end foreclosure report for 2007 finds California ranks first in foreclosure filings, but fourth when filings are considered on a per-household basis (That is first, as in worst, and fourth, as in fourth from worst).

First, here’s how AP tells the overall story: ‘The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday.’

Now some state numbers: RealtyTrac calculates the national ‘foreclosure rate’ -- the percentage of households facing some sort of foreclosure filing -- at 1.033%. The states with the highest foreclosure rates, according to RealtyTrac, are:
Nevada 3.376%
Florida 2.002%
Michigan 1.947%
California 1.921%

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Photo credit: L.A. Times