Advertisement
Worst Places to Buy Foreclosures in 2013
The metro with the lowest score was McAllen, Texas, with a 12-month supply of foreclosure inventory, foreclosure sales accounting for 7 percent of all sales, an average foreclosure discount of 21 percent, and a 66 percent decrease in foreclosure activity in 2012 compared to 2011.
Metros with the lowest scores were dominated by cities in the west, including Ogden, Utah; Las Vegas, Salt Lake City, Phoenix, Portland, Ore., San Jose, Calif., and Honolulu.
---------------------------------------------------------------------------- Foreclosure Avg Foreclosure Inventory Sales Pct Foreclosure Activity Total Months' of All Discount Annual PctMSA Score Supply Sales Pct Change----------------------------------------------------------------------------McAllen-Edinburg- Mission, TX -25.34 12 7.14 21.49 -65.90----------------------------------------------------------------------------Ogden-Clearfield, UT -7.64 13 14.70 14.72 -50.09----------------------------------------------------------------------------Little Rock-North Little Rock-Conway, AR -2.29 15 7.14 24.34 -48.64----------------------------------------------------------------------------Las Vegas-Paradise, NV 9.25 7 42.06 16.79 -56.97----------------------------------------------------------------------------Salt Lake City, UT 12.09 19 17.67 13.37 -37.71----------------------------------------------------------------------------Boise City-Nampa, ID 20.68 13 16.64 18.98 -27.55----------------------------------------------------------------------------Buffalo-Niagara Falls, NY 29.46 37 2.41 32.92 -42.97----------------------------------------------------------------------------Phoenix-Mesa- Scottsdale, AZ 30.32 9 34.73 24.20 -37.25----------------------------------------------------------------------------Portland-Vancouver- Beaverton, OR-WA 30.50 9 21.81 28.16 -28.09----------------------------------------------------------------------------Provo-Orem, UT 35.35 11 17.93 50.12 -44.06----------------------------------------------------------------------------Honolulu, HI 40.61 50 5.17 20.06 -34.49----------------------------------------------------------------------------San Jose-Sunnyvale- Santa Clara, CA 41.63 9 25.96 42.77 -36.13----------------------------------------------------------------------------Fresno, CA 41.85 10 39.13 22.68 -29.99----------------------------------------------------------------------------Bakersfield, CA 43.50 10 42.80 15.97 -25.27----------------------------------------------------------------------------Stockton, CA 44.97 8 52.57 8.99 -25.02----------------------------------------------------------------------------Oxnard-Thousand Oaks- Ventura, CA 45.48 11 37.50 20.39 -23.66----------------------------------------------------------------------------Austin-Round Rock, TX 46.19 13 7.97 44.58 -19.74----------------------------------------------------------------------------Modesto, CA 48.21 8 55.49 10.65 -26.00----------------------------------------------------------------------------Sacramento--Arden- Arcade--Roseville, CA 48.27 8 43.35 24.78 -28.31----------------------------------------------------------------------------Knoxville, TN 48.53 15 13.30 34.91 -14.40----------------------------------------------------------------------------
