The Real Deal Miami

State still at top of foreclosure pyramid

July 31, 2009 12:24PM

Florida remains linked with California and Nevada as the states with the nation’s highest foreclosure rates for the first six months of 2009, data firm RealtyTrac reported. Las Vegas has the highest metro market rate in the country, followed by the Cape Coral/Fort Myers area. RealtyTrac said one in every 14 homes, or 7.2 percent of total housing units, is in some stage of the foreclosure process on the state’s west coast. Miami-Fort Lauderdale has the 14th-highest foreclosure rate nationwide.