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Move Over Merced: Foreclosures Intensify in New Crop of Western Cities


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Some of the nation?s foreclosure epicenters, including perennial chart-toppers Merced and Stockton, Calif.? are seeing a decline in foreclosure activity. But the pain is intensifying in a new crop of Western cities, which have been hard hit by rising unemployment.

Of the top 50 foreclosure markets tracked by RealtyTrac, foreclosure activity increased most sharply in several mid-size Western markets including Boise, Idaho, where foreclosure activity was up 142%. Other big gains came in Provo, Utah, and Salt Lake City, Utah, which posted increases of 120% and 105% from one year ago, respectively. Reno, Nev., saw an 80% year-over-year increase in activity and ranked No. 9 in the country for foreclosure filings.

<a href="http://blogs.wsj.com/developments/2009/10/28/move-over-merced-foreclosures-intensify-in-new-crop-of-western-cities/">Article</a>