Home foreclosure not a national problem
I was very surprised to learn from Michael Barone that half of the nation's home foreclosures are in four states - Nevada, California, Arizona and Florida. Furthermore, only 9 states total have foreclosure rates above the national average.
What do they have in common?
"All but California have had massive population growth in the 1990s and the 2000s; all have large Hispanic populations; all have been the site of much housing speculation."