According to Realty Trac, California accounted for 23% of the nation’s foreclosures for the first quarter of 2010-The highest foreclosure activity in the nation. Florida claimed the number two position followed by Arizona.

Despite close to a 5% decrease in foreclosure activity from the previous quarter, Illinois had the fourth highest foreclosure activity in the nation. Folloowing its decrease from the previous quarter, its increase was 17% over the first quarter of 2009.

Michigan, in fifth place, was up 38% from the first quarter of 2009 and 11% from the last quarter of 2009.

The following states round out the top 10 with foreclosure activity nationally: 6th-Georgia, 7th-Texas, 8th-Nevada, 9th-Ohio and 10th-Colorado.

One could surmise from the volatility of the numbers from quarter to quarter and year over year that we are not at a place called “market stability” yet.

Ten States Account for 70% of Nation’s Foreclosures is a post from: Barbara and Susi