Top 10 US Cities Where Foreclosures make up a Significant Portion of the Housing Market

While the overall foreclosure rate continues to decline nationwide, there are a few cities in the US where foreclosures account for a large portion of the Housing Market.

The cities may surprise you:

1. Salisbury, NC – Foreclosures as % of homes sold: 23.6%
2. Rockford, IL – Foreclosures as % of homes sold: 17.1%
3. Morehead City, NC – Foreclosures as % of homes sold: 16.3%
4. Baltimore, MD – Foreclosures as % of homes sold: 16.1%
5. Toledo, OH – Foreclosures as % of homes sold: 15.2%
6. Chicago, IL – Foreclosures as % of homes sold: 14.7%
7. Tampa, FL – Foreclosures as % of homes sold: 12.7%
8. Las Vegas, NV – Foreclosures as % of homes sold: 12.3%
9. Milwaukee, WI – Foreclosures as % of homes sold: 11.7%
10. Virginia Beach, VA – Foreclosures as % of homes sold: 11.4%

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Source: www.mainstreet.com; 9.2.2015|RealtyTrac