What are the largest foreclosure markets in California? |
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Answer:
California holds six of the top twelve As of July, 2008, Merced held the number one foreclosure spot for California. In Merced, one out of every seventy-three homes was in the process of foreclosure. Stockton, California, took the number two spot. This was an improvement over a year before, when Stockton led the country in foreclosures with one out of every twenty-seven homes in foreclosure. As of July, Stockton had one out of every eighty-two homes in foreclosure. The rest of the six are Modesto, Riverside/San Bernardino, Bakersfield, and Vallejo-Fairfield. The market is struggling to recover throughout California, though the ocean-front areas will probably remain strong and desirable regardless.
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