Foreclosure filings were reported on 152,500 U.S. properties. This was down 1 percent month-over-month.
Certain housing markets have recovered well and economists are getting increasingly bullish about the national housing recovery. But housing is a local story and many continue to suffer from an extremely high foreclosure rate.
"Although the overall national foreclosure trend continues to head lower, late-blooming foreclosures are bolting higher in some local markets where aggressive foreclosure prevention efforts in previous years are wearing off,” said Daren Blomquist, vice president at RealtyTrac in a press release.
We drew on RealtyTrac's report to highlight the 14 metros with the highest foreclosure rate.
Note: The metros are ranked by foreclosure rate i.e. 1 in every X homes received a foreclosure filing. We picked the 14 metros with the highest foreclosure rate from all the metros measured by RealtyTrac.