Wednesday, February 23, 2011

Do Foreclosure Rates Measure Urban Misery?

With Forbes adding foreclosure rates to their misery index this year, I have taken a look at this list. There has been plenty of attention to the top of the foreclosure lists (Central Valley, Vegas, Florida always rank high), but not much to the bottom.

If ranking high in foreclosures is an indicator of misery, then I guess ranking low in foreclosures must be a measure of healthy, vibrant metro areas. Take a look at the metro areas with the lowest foreclosure rates in this ranking of foreclosure rates from Realty Trac. Among the best performers are such dynamic metro areas as: Fayetteville, NC; El Paso, TX; Huntington, WV; and Utica-Rome NY. 

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