Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Foreclosures Up In Half Of U.S. Cities

IRVINE, Calif. (UPI) — Roughly half of 212 U.S. cities tracked by market researchers saw foreclosure activity rise in the first quarter of 2012, a private firm said.

RealtyTrac, an online marketplace for foreclosure properties, said 114 of 212 cities with populations above 200,000 experienced increased foreclosure activity January through March.

In larger cities, the ratio held with 26 out of 50 metropolitan areas experiencing increases. City increases were led by Philadelphia, up 49 percent; Indianapolis, up 37 percent, and New York, up 24 percent.

The largest quarterly decreases among the 50 largest U.S. cities were Portland, Ore., where foreclosures fell 28 percent quarter to quarter; Las Vegas, down 26 percent, and Providence, R.I., down 24 percent.

Although up from the previous quarter, in 64 percent of the 212 areas tracked, foreclosure activity dropped from the first quarter of 2011.

“First quarter metro foreclosure trends were a mixed bag. While the majority of metro areas continued to show foreclosure activity down from a year ago, more than half reported increasing foreclosure activity from the previous quarter — an early sign that long-dormant foreclosures are coming out of hibernation in many local markets,” said Brandon Moore, RealtyTrac’s chief executive officer in a statement.

Stockton, Calif., experienced the highest foreclosure rate among U.S. cities in the first quarter with one in every 60 housing units involved in foreclosure processes.

Modesto, Calif., posted the second highest foreclosure rate and 10 other California cities were among the top 20, the firm said.

But the largest annual increases were outside California. From the first quarter of 2011, foreclosure activity rose 52 percent in Orlando, Fla., 41 percent in Indianapolis, 38 percent in Hartford, Conn., 37 percent in Miami and 33 percent in Philadelphia, RealtyTrac said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Foreclosures Up In Half Of U.S. Cities”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.