Economics
Foreclosures Rose in 72% of U.S. Cities as Crisis Spread in 2010
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Foreclosure filings increased in almost three-quarters of U.S. cities last year as unemployment caused homeowners to default and mortgage distress spread to new regions of the country, according to RealtyTrac Inc.
Notices of default, auction or repossession rose in 72 percent of U.S. metro areas with populations of 200,000 or more, the Irvine, California-based data provider said today in a statement. Among the country’s 20 largest cities, Houston, Seattle and Atlanta had the biggest increases from 2009.