Change in Foreclosure Rate
Definition
Percentage change in foreclosure rate, Quarter 3, 2004 – Quarter 2, 2011.
Description
Along with displacing families from their homes, foreclosure is a devastating experience for a household’s finances. As the foreclosure crisis continues to linger, this measure is an important indicator of financial distress for households. This indicator tracks the change, over time, of the percentage of mortgage loans in foreclosure.
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Change in Foreclosure Rate
| State | Q3 2004 | Q2 2006 | Q2 2007 | Q3 2008 | Q2 2009 | Q2 2010 | Q3 2011 | Q2 2012 |
| United States |
1.1% |
1.0% |
1.4% |
3.0% |
4.3% |
4.6% |
4.4% |
4.3% |
| Alabama |
1.2% |
0.9% |
1.1% |
1.5% |
2.0% |
2.1% |
2.0% |
2.1% |
| Alaska |
0.4% |
0.4% |
0.5% |
0.9% |
1.2% |
1.4% |
0.9% |
1.2% |
| Arizona |
0.6% |
0.2% |
0.8% |
3.9% |
6.2% |
5.7% |
3.9% |
3.2% |
| Arkansas |
1.1% |
1.0% |
0.9% |
1.3% |
1.8% |
2.1% |
1.9% |
2.2% |
| California |
0.2% |
0.3% |
1.1% |
3.9% |
5.8% |
4.8% |
3.7% |
3.1% |
| Colorado |
1.1% |
1.2% |
1.6% |
2.1% |
2.7% |
2.7% |
2.1% |
1.9% |
| Connecticut |
0.7% |
0.6% |
1.1% |
2.0% |
3.2% |
4.0% |
4.8% |
5.4% |
| Delaware |
1.2% |
0.9% |
1.2% |
2.1% |
2.9% |
3.8% |
4.0% |
3.4% |
| District of Columbia |
0.7% |
0.3% |
0.6% |
1.8% |
2.9% |
3.0% |
3.1% |
2.9% |
| Florida |
0.8% |
0.5% |
1.4% |
7.3% |
12.0% |
14.0% |
14.5% |
13.7% |
| Georgia |
1.3% |
1.2% |
1.4% |
2.3% |
3.4% |
3.7% |
3.2% |
3.0% |
| Hawaii |
0.3% |
0.2% |
0.7% |
1.7% |
3.8% |
4.7% |
4.7% |
4.7% |
| Idaho |
1.1% |
0.5% |
0.5% |
1.6% |
3.2% |
3.7% |
2.8% |
2.9% |
| Illinois |
1.4% |
1.3% |
1.8% |
3.5% |
4.7% |
6.0% |
7.3% |
7.1% |
| Indiana |
2.8% |
2.8% |
3.0% |
3.6% |
4.3% |
4.5% |
4.9% |
4.6% |
| Iowa |
1.3% |
1.4% |
1.7% |
2.0% |
2.5% |
2.8% |
2.8% |
2.7% |
| Kansas |
1.4% |
1.3% |
1.3% |
1.6% |
2.1% |
2.3% |
2.4% |
2.3% |
| Kentucky |
2.0% |
1.7% |
1.9% |
2.5% |
3.0% |
3.3% |
3.9% |
3.8% |
| Louisiana |
1.6% |
1.5% |
1.7% |
2.1% |
2.7% |
3.4% |
3.5% |
3.4% |
| Maine |
0.9% |
1.1% |
1.8% |
3.2% |
4.2% |
4.7% |
5.7% |
5.7% |
| Maryland |
0.9% |
0.4% |
0.7% |
2.2% |
3.7% |
4.0% |
3.7% |
4.9% |
| Massachusetts |
0.4% |
0.6% |
1.3% |
2.1% |
3.2% |
3.2% |
2.9% |
3.0% |
| Michigan |
1.7% |
1.9% |
2.8% |
3.5% |
4.2% |
4.5% |
3.3% |
2.8% |
| Minnesota |
0.6% |
0.9% |
1.6% |
2.7% |
3.4% |
3.4% |
2.7% |
2.3% |
| Mississippi |
2.1% |
1.7% |
1.7% |
2.1% |
2.7% |
3.0% |
3.3% |
3.4% |
| Missouri |
1.0% |
0.9% |
1.1% |
1.5% |
2.0% |
2.1% |
2.0% |
2.0% |
| Montana |
0.7% |
0.5% |
0.6% |
0.9% |
1.6% |
1.9% |
1.8% |
1.7% |
| Nebraska |
1.0% |
1.0% |
1.2% |
1.6% |
1.8% |
1.8% |
1.5% |
1.4% |
| Nevada |
0.6% |
0.5% |
1.6% |
5.6% |
9.1% |
10.3% |
7.9% |
6.1% |
| New Hampshire |
0.4% |
0.5% |
1.0% |
1.7% |
2.3% |
2.5% |
2.4% |
2.4% |
| New Jersey |
1.1% |
0.8% |
1.2% |
3.1% |
5.0% |
6.3% |
8.1% |
7.7% |
| New Mexico |
1.4% |
0.9% |
0.8% |
1.5% |
2.6% |
3.1% |
3.9% |
4.1% |
| New York |
1.1% |
0.9% |
1.4% |
2.6% |
3.6% |
4.6% |
5.7% |
6.5% |
| North Carolina |
1.5% |
1.1% |
1.0% |
1.4% |
1.9% |
2.3% |
3.1% |
3.0% |
| North Dakota |
0.5% |
0.5% |
0.7% |
0.9% |
1.0% |
1.0% |
1.1% |
1.1% |
| Ohio |
3.3% |
3.1% |
3.6% |
3.9% |
4.5% |
4.8% |
4.9% |
4.9% |
| Oklahoma |
1.8% |
1.7% |
1.7% |
2.1% |
2.5% |
3.0% |
3.2% |
3.4% |
| Oregon |
0.8% |
0.4% |
0.5% |
1.3% |
2.6% |
3.3% |
3.7% |
3.9% |
| Pennsylvania |
1.8% |
1.5% |
1.5% |
2.1% |
2.6% |
3.0% |
3.4% |
3.9% |
| Rhode Island |
0.4% |
0.7% |
1.5% |
3.2% |
4.1% |
3.4% |
4.3% |
3.9% |
| South Carolina |
2.3% |
1.6% |
1.5% |
2.0% |
3.1% |
3.5% |
4.4% |
4.3% |
| South Dakota |
0.8% |
0.8% |
1.0% |
1.2% |
1.6% |
1.8% |
1.6% |
1.5% |
| Tennessee |
1.5% |
1.2% |
1.2% |
1.6% |
2.2% |
2.2% |
2.6% |
2.4% |
| Texas |
1.3% |
1.1% |
1.2% |
1.4% |
1.8% |
2.0% |
1.9% |
1.9% |
| Utah |
1.5% |
0.7% |
0.6% |
1.4% |
2.8% |
3.4% |
2.4% |
2.2% |
| Vermont |
0.6% |
0.7% |
0.9% |
1.6% |
2.2% |
2.7% |
3.4% |
3.9% |
| Virginia |
0.4% |
0.3% |
0.5% |
1.5% |
2.2% |
2.0% |
1.9% |
1.7% |
| Washington |
0.8% |
0.4% |
0.5% |
1.2% |
2.5% |
2.6% |
2.2% |
2.7% |
| West Virginia |
1.5% |
1.0% |
1.1% |
1.6% |
2.1% |
2.1% |
2.1% |
2.0% |
| Wisconsin |
1.1% |
1.1% |
1.6% |
2.6% |
3.6% |
3.4% |
3.5% |
3.2% |
| Wyoming |
0.6% |
0.4% |
0.4% |
0.6% |
1.2% |
1.6% |
1.0% |
0.8% |
National Delinquency Survey. Washington, DC: Mortgage Bankers Association, 2004, 2006-2012.
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