Nine of Top 10 Most Severely Affected Metros Post Year-Over-Year Declines in Foreclosure Activity, but Rates Remain 3 to 5 Times Higher than National Average
IRVINE, Calif. – July 30, 2010 – (RealEstateRama) — RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its Midyear 2010 Metropolitan Foreclosure Market Report, which shows 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity even while foreclosure activity decreased in nine of the 10 metros with the highest foreclosure rates.
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