Article: Foreclosures drift to Sun Belt from Rust Belt

An article in CNN Money today: Foreclosures drift to Sun Belt from Rust Belt

A study for CNNMoney.com by RealtyTrac, an online marketer of foreclosure properties, showed that 139 of California’s ZIP codes fell within the top 500 for total foreclosure filings in the United States. The next highest count for any state is less than half that at 72 and is in another sun-belt state – Florida.

 They go on later to say:

The number one ZIP code in the nation for foreclosures is still, however, in the Rust Belt. It’s Cleveland, 44105, with a total of 784 filings during the three months ended June 15, according to the RealtyTrac study.

Heck, who wants to live in Cleveland. 

I’d like to see these numbers as a percentage of SFH (single family homes) in each zip.  I imagine there might be some hard-hit zip codes in less populated areas.  CA and FL win because they’re heavily populated.

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