Wednesday, May 13, 2009
MarketWatch is reporting that four states, Nevada, Florida, California, and Arizona (in order of the number of foreclosures) are the main culprits in dragging down the housing prices. These four states contributed 193,659 of the 342,038 foreclosure filing nationwide. This equates to these four states contributing about 60% of all foreclosures in the nation. Due to these foreclosure issues, these states are also contributing to dragging down the national median home price by a record 14% to $169,000.