“That stood out to us and that was different than the majority of metro areas in the report – 77% did show increases in foreclosure activity from a year ago. So there’s something that seems to be happening in some of those foreclosure hot spots and that would include Sacramento.”
Foreclosure activity in the Sacramento area decreased four-percent from the first quarter of 2009.
Still, Sacramento has the 13th highest foreclosure rate in the country…with one-in-every-50 homes getting a foreclosure filing.
Modesto has the country’s second highest foreclosure rate, right behind Las Vegas. Stockton and Merced rank at five and six, respectively.