States With the Highest Foreclosure Inventories

Foreclosures rates are falling, but some states are still battling high levels. According to nationwide averages, the foreclosure inventory as of March represented 2.8 percent of all homes with a mortgage — that’s down from 3.5 percent in February.

In CoreLogic’s latest report reflecting March data, the following five states posted the highest foreclosure inventories (as a percentage of all mortgaged homes):

• Florida: 9.7 percent
• New Jersey: 7.3 percent
• New York: 5 percent
• Maine: 4.4 percent
• Illinois: 4.4 percent

Meanwhile, the five states with the lowest foreclosure inventories were:

• Wyoming: 0.5 percent
• Alaska: 0.7 percent
• North Dakota: 0.7 percent
• Nebraska: 0.9 percent
• Montana: 0.9 percent

Source: CoreLogic