Cleveland Foreclosure Rate Declines 8%

By Eugene McCormick. Published on 04/14/2010 - 1:12pm

There is good news and bad news to report as the City of Cleveland battles foreclosures. The ForeclosureListings.com compared March 2010 to February 2010 statistics and saw that Cleveland reported 855 foreclosures in that time span. That was a year-over-year decrease of a little over 8%. The bad is the high number still keeps Cleveland in the Top 10 in the nation. The State of Ohio has the lowest priced foreclosure housing in the entire nation averaging only $79,574.

While the epidemic of housing seems to be lessening to an extent here in Northeast Ohio, it is on a rapid pace throughout the rest of the country. In Orlando and Phoenix, foreclosure rates are over 25% worse year to year.

Here are some snapshots of the housing crisis as it stands now:

Top Cities Foreclosure Rates:

City, ST March Change
LAS VEGAS, NV 3177 +0.7292%
PHOENIX, AZ 2066 +25.5927%
CHICAGO, IL 1666 +19.3410%
DENVER, CO 1543 -24.9514%
HOUSTON, TX 1311 +9.9832%
MEMPHIS, TN 1255 +3.7190%
ATLANTA, GA 1204 +15.8807%
ORLANDO, FL 989 +27.2844%
CLEVELAND, OH 855 -8.0645%
DETROIT, MI 840 +2.4390%

Other important cities:
INDIANAPOLIS, IN 793 +16.9617%
SAN ANTONIO, TX 740 +8.9838%
JACKSONVILLE, FL 710 +23.4783%
SACRAMENTO, CA 691 +2.8274%
FORT WORTH, TX 676 +6.4567%
MIAMI, FL 651 +6.8966%
DALLAS, TX 633 +10.0870%

Lowest price average:
OH $79,574.00
AR $125,285.00
MO $101,230.00

Highest price average:
GA $520,881.00
CA $383,471.00
HI $353,204.00

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