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Phila. region foreclosures lower than U.S. rate
The region's first-quarter foreclosure rate fell almost 30 percent from the same period a year ago, bucking a national trend that saw filings rise to 1 in every 194 U.S. households.
The rate put Philadelphia 82d on a list of 100 metro areas compiled by RealtyTrac, the Irvine, Calif., firm that tracks foreclosures nationwide.
The top 10 metro areas for foreclosure filings included seven cities in California, Las Vegas and Detroit.
Stockton, Calif., in the central part of the state, led the list with 7,560 filings, or 1 household in 30, an increase of more than 291 percent from January to March 2007.
The much more-populous Philadelphia region showed 3,064 filings, or 1 household in 527, a decline of 29.64 percent.
Nationally, there were 649,917 filings in the quarter, or 1 household in 194, an increase of 111 percent from January to March 2007, RealtyTrac reported.
