Nevada Leads Parade Of Foreclosures : Planet Money A leading marketer of distressed properties says a handful of states account for more than 60 percent of the growing foreclosure problem.
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Nevada Leads Parade Of Foreclosures

The dark red out West spells trouble. Click to launch NPR's county map of foreclosures. NPR hide caption

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Foreclosure filings rose by 5 percent in the third quarter of this year, reports RealtyTrac, which deals in foreclosed properties. Filings were up by 23 percent from the same period in 2008.

One in every 136 U.S. housing units received a foreclosure filing during the quarter — the highest quarterly foreclosure rate since RealtyTrac began issuing its report in the first quarter of 2005.

From August to September, foreclosures slowed by 4 percent — and were still high enough to make September's the third highest total since RealtyTrac starting keeping the numbers in January 2005.

NPR keeps a county-level map of foreclosures. Nevada led the pack among states, with one in every 23 housing units getting foreclosure papers last quarter. Arizona and California followed, each with one in every 53 homeowners getting a notice.

As you can see from the map, foreclosures are concentrated in particular states. Just over 60 percent of the nation's foreclosure filings last quarter happened in California, Florida, Arizona, Nevada, Illinois or Michigan. California alone saw almost 27 percent of the total.

Bonus: Owners' rent drops for the first time since 1992.