By Joseph Smith
 The foreclosures listings for 2009 reveal a picture other than what most people would want to see. The foreclosure crisis seems to be taking to new heights as unemployment rises and the economy continues to weaken further. The recent stimulus and bail out plans pumped into the economy have not been successful in helping the economy to recover as foreclosures for the year cross the 800,000 mark.
When it comes to listings we find the big four states are still at the top with intense foreclosure activity going on. California tops the list with over 80,000 foreclosures in the first quarter of 2009. Florida is next with almost half this number followed up by Nevada at 15000 and Arizona at 18000. These are the big four states where foreclosure activity seems to be peaking.
Since the above mentioned states are industrial strongholds they will always be a good place to invest in. Even if economic activity is slow it is bound to pick up sooner or later which would lead to a massive increase in the value of the property which |
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