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Foreclosures concentrated in certain areas

Mark posted on this topic in January, but it bears repeating for a sense of perspective.

USA Today reports that "[m]ore than half of the nation's foreclosures last year took place in [just] 35 counties."

Those counties, spread over a dozen states, accounted for more than 1.5 million foreclosure actions last year, a USA TODAY analysis of figures compiled by the real estate listing firm RealtyTrac shows - more than were recorded in the entire United States just two years earlier....

A few of the 35 counties leading the foreclosure boom are in already-distressed areas around Detroit and Cleveland. But most are clustered in places such as Southern California, Las Vegas, Phoenix, South Florida and Washington, where home values shot up dramatically in the first half of the decade, then began to crumble....

Eight counties in Arizona, California, Florida and Nevada were the source of about a quarter of the nation's foreclosures last year.

In more than 650 other counties - about a fifth of the nation - the number of foreclosure actions actually dropped since 2006.

A USA Today map illustrates the foreclosure rate county-by-county for both 2006 and 2008.

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