Without AZ, CA, FL and NV, Foreclosures Dropped in the Third Quarter By -2.45% Vs. Second Quarter
According to RealtyTrac, foreclosure filings were reported on 765,558 U.S. properties during the third quarter of 2008, up by +3.49% from the second quarter (739,741 foreclosures). Foreclosures were heavily concentrated in Arizona (12,982), California (69,548), Florida (47,956) and Nevada (13,022), and those four states accounted for 19.4% of the total (143,508 out of 765,558).
Update: If you analyze the raw data presented by RealtyTrac, and take out those four states (AZ, CA, FL and NV), foreclosures in the rest of the country actually declined by -2.45% in the third quarter 2008 to 356,824, from 365,801 in the second quarter 2008. (Note: This 2.45% decline was not reported by RealtyTrac, it required a separate analysis and caclulation.)