Virginia ranks 24th in foreclosures
- February 14, 2008
Virginia ranked 24th among states for foreclosures in 2007, according to a study by RealtyTrac.
The study showed that 24,199 Virginia homes — or about 0.5 percent of all homes — were in foreclosure. That was up 456 percent over the number of foreclosures in 2006. Still, Virginia fared better than the national average for foreclosures, which was about 1.03 percent of homes.
Virginia’s largest metropolitan areas also ranked well on RealtyTrac’s survey of the 100 largest metropolitan areas.
The Washington, D.C., area, which includes Northern Virginia, ranked 41st with 28,455 foreclosure filings in 2007. The Norfolk-Virginia Beach region ranked 87th with 2,321 filings and Richmond ranked 95th with 1,090 filings.