As it stands in November 2006, the United States is a hot bed of foreclosure activity. Foreclosure activity in the third quarter of 2006 is up in most U.S. cities, real-estate data firm Realty Trace reported Friday, November 10, 2006. The Irvine-based firm said 318,355 properties in the United States entered some stage of foreclosure in the third quarter — a 17 percent increase over the prior quarter. San Diego ’s foreclosure rate rank was 35th with a third quarter total of 4,069, one for every 256 households and up 56.74 percent from the second quarter. Detroit , Fort Lauderdale , Fla. and the Denver-Aurora, Colo. metro areas saw the highest growth in foreclosure activities. One in every 80 Detroit households had a property enter some stage of foreclosure, while in Fort Lauderdale it was one in every 88 households and one in every 90 homes in Denver . While most of the country’s 100 largest metro areas saw some increase in foreclosure activity, there was a handful that reported lower rates of properties entering the foreclosure process, according to RealtyTrac.
