Indianapolis has led the way as the city with the highest foreclosure rate in the nation this year.
The capital of Indiana had one new foreclosure filing for every 101 households during the second quarter, more than 3.5 times the national average and the highest of all metropolitan areas, RealtyTrac announced today. Indianapolis did improve from the prior quarter, however, when it topped the list with 1 foreclosure filing for every 69 homes.
Atlanta continued to hold the title for the metro area with the second-highest foreclosure rate, at 1 filing for every 111 homes, and Dallas remained the city with the third-highest rate, at 1 for every 112 households. Both had a rate more than three times above the national rate, according to the announcement.
Denver reportedly moved up one space from the first quarter to hold the fourth-highest rate, with 1 foreclosure filing for every 128 homes.
Austin, Texas -- which wasn't in the top 10 in the prior quarter -- took spot No. 5, with 1 filing for every 142 households, RealtyTrac data showed.
In the last half of the top 10, Houston had the sixth-highest foreclosure rate and was followed by Memphis, Tenn., Stockton, Calif., Salt Lake City, and San Antonio. All had a foreclosure rate up to 2.5 times that of the nation, the announcement said.
In the first quarter, the metropolitan areas with the sixth- through 10th-highest foreclosure rates were respectively Detroit, Jacksonville, Fla., San Antonio, Canton, Ohio and Las Vegas, RealtyTrac reported.