Realtytrac reports foreclosures are up in 54% of metro areas for Q1 2012.
First quarter foreclosure activity increased from the previous quarter in 114 out of the nation’s 212 metropolitan areas with a population of 200,000 or more.
First quarter foreclosure activity increased from the previous quarter in 26 out of the nation’s 50 largest metro areas, led by Pittsburgh (up 49 percent), Indianapolis (up 37 percent), Philadelphia (up 30 percent), New York (up 24 percent), Raleigh, N.C. (up 23 percent), and Virginia Beach, Va. (up 22 percent).
The biggest quarterly decreases in foreclosure activity among the 50 largest metro areas were in Portland, Ore. (down 28 percent), Las Vegas (down 26 percent), Providence, R.I. (down 24 percent), Salt Lake City (down 22 percent), Boston (down 21 percent), and San Jose, Calif. (down 21 percent).
Lender Processing also reported mortgage deliquencies are down -6.8% from February and are currently 7.09% of all mortgages. Since March 2011 delinquencies have declined -8.8%. That said, foreclosure inventory is up 0.1% and stands at 2,060,000. That is a hell of a lot of foreclosures that need to be sold.
For the year, foreclosure activity is down in 64% of metro areas.
Thirty-three of the nation’s 50 largest metro areas posted year-over-year decreases in foreclosure activity, led by Las Vegas (down 61 percent), Seattle (down 53 percent), Austin, Texas (down 51 percent), Salt Lake City (down 49 percent), and Buffalo, N.Y. (down 47 percent).
The biggest annual increases in foreclosure activity among the 50 largest metro areas were in Orlando (up 52 percent), Indianapolis (up 41 percent), Hartford, Conn. (up 38 percent), Miami (up 37 percent), and Philadelphia (up 33 percent).
In Q1 2012 there were 572,928 foreclosure filings, or 1 in every 230 housing units. Stockton, CA is #1, with 1 in 60 homes being foreclosed upon and of the top metro areas for foreclosures, California has the first top 7.
There is more information on Realtytrack's website and their below table gives foreclosures by state.