Irvine, Calif., Nov. 10 /PRNewswire/ -- RealtyTrac (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, released its Q3 2006 U.S. Metropolitan Foreclosure Market Report today. After two consecutive quarters featuring Indianapolis, Atlanta and Dallas as the three cities with the highest foreclosure rates, the third quarter report showed three new cities -- Detroit, Ft. Lauderdale and Denver -- posting the nation's highest metropolitan foreclosure rates. Completing the top 10 list were Miami, Dallas, Indianapolis, Ft. Worth, Atlanta, Las Vegas and Memphis.

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with nearly 650,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal's Real Estate Journal.

"The third quarter saw a marked increase in the number of properties entering some stage of foreclosure," said James J. Saccacio, chief executive officer of RealtyTrac. "It appears that a combination of factors, including a slowdown in home sales and lower home appreciation rates are contributing to higher numbers of delinquencies. It's also likely that part of the reason for the increased foreclosure rates is the long-anticipated effect of the first wave of adjustable rate mortgages re-setting at higher monthly payments, putting homeowners into financial distress."

Of the top 10 cities on the list only Indianapolis reported lower foreclosure rates, with 2 percent fewer foreclosures than reported for the second quarter. The two Florida cities -- Ft. Lauderdale and Miami -- reported the highest foreclosure growth for the quarter with 87 percent and 97 percent respectively.

National leader Detroit reported 42 percent growth in foreclosure activity for the quarter, with Denver reporting 30 percent growth and Dallas reporting 10 percent growth. Ft. Worth reported a 14 percent increase in foreclosures, Atlanta had a 5 percent increase over second quarter activity, Las Vegas reported a 59 percent increase, and foreclosure activity in Memphis was up 2 percent over the previous quarter.

Detroit's foreclosure rate of one new foreclosure filing for every 80 households was more than 4.5 times the national average. Ft. Lauderdale and Denver reported foreclosure rates that were more than four times the national average, with Miami just short of four times the average. Foreclosure rates in the remaining top 10 cities exceeded three times the average except for Memphis with a rate that was 2.5 times the national average

Although it ranked 19th among the top 100 metropolitan areas, Chicago posted the most new foreclosure filings for the third quarter, reporting 16,155 properties entering some stage of the foreclosure process. Second highest total was in Atlanta, reporting 13,562 properties entering the process, followed closely by Dallas reporting 13,422 properties in the foreclosure pipeline.

Top 10 Metro Foreclosure Rates -- Q3 2006 Metro Area % of Households # Households for in Foreclosure Every Foreclosure National Avg. 1. Detroit, MI 1.249 80 4.535 2. Ft. Lauderdale, FL 1.138 88 4.132 3. Denver, CO 1.113 90 4.043 4. Miami, FL 1.101 91 3.997 5. Dallas, TX 1.007 99 3.658 6. Indianapolis, IN 0.998 100 3.623 7. Ft. Worth, TX 0.991 101 3.600 8. Atlanta, GA 0.935 107 3.397 9. Las Vegas, NV 0.869 115 3.158 10. Memphis, TN 0.696 144 2.528

While the majority of the nation's 100 largest metros reported increased foreclosure activity during the third quarter -- a marked difference from the previous two quarters -- a handful did report declining foreclosure numbers. Of particular note were Houston, reporting a 15 percent decline in activity for the quarter, and New York, reporting a 13 percent decline from last quarter. Reporting one new foreclosure filing for every 659 households, the New York metropolitan area had the 74th highest foreclosure rate among the top 100 MSAs.

Chicago, which reported a 72 percent increase last quarter, reported another 4 percent increase during the third quarter. The city's foreclosure rate of one new foreclosure filing for every 180 households was the 19th highest in the country during the quarter. Los Angeles, which reported a 46 percent increase in foreclosures for the quarter, ranked 55th among the top 100 MSAs in foreclosure rate, reporting one new foreclosure filing for every 416 households.

The RealtyTrac 2006 U.S. Metropolitan Foreclosure Market Report provides the total number of properties entering some stage of foreclosure in each of the nation's 100 largest Metropolitan Statistical Areas. RealtyTrac's report includes properties in all three phases of foreclosure: Pre-foreclosures -- Notice of Default (NOD) and Lis Pendens (LIS); Foreclosures -- Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been re-purchased by a bank).

Foreclosure Statistics for the Nation's 100 Largest MSAs -- Q3 2006 Foreclosure MSA Q3 2006 1/ Every # Natl Rate Rank Total Households Avg % from Q2 -- United States 318,355 363 -- 17.00 1 Detroit-Livonia- Dearborn, MI 10,316 80 4.535 41.90 2 Ft. Lauderdale, FL 8,431 88 4.132 86.53 3 Denver-Aurora, CO 9,825 90 4.043 30.41 4 Miami, FL 9,380 91 3.997 97.18 5 Dallas, TX 13,422 99 3.658 9.94 6 Indianapolis, IN 6,383 100 3.623 -2.50 7 Ft. Worth-Arlington, TX 6,854 101 3.600 13.80 8 Atlanta-Sandy Springs- Marietta, GA 13,562 107 3.397 4.51 9 Las Vegas-Paradise, NV 5,215 115 3.158 58.85 10 Memphis, AR-MS-TN 3,929 144 2.528 2.08 11 San Antonio, TX 3,788 145 2.508 14.86 12 Riverside- San Bernardino, CA 8,183 145 2.506 59.86 13 Palm Beach, FL 3,643 153 2.378 37.89 14 Cleveland-Lorain-Elyria- Mentor, OH 5,781 158 2.304 23.42 15 Columbus, OH 4,128 165 2.204 33.72 16 Dayton, OH 2,205 165 2.198 56.49 17 Houston-Baytown- Sugarland, TX 10,184 177 2.055 -15.44 18 Lake-Kenosha, IL 1,264 179 2.032 1.53 19 Chicago, IL 16,155 180 2.019 3.78 20 Stockton, CA 1050 180 2.018 -14.50 21 Akron, OH 1,584 184 1.977 18.12 22 Jacksonville, FL 2,516 189 1.924 3.37 23 Camden, NC-NJ 1,359 191 1.903 131.91 24 Salt Lake City, UT 1,672 205 1.774 -1.70 25 Tampa-St Petersburg- Clearwater, FL 5,542 206 1.760 51.67 26 Austin-Round Rock, TX 2,378 209 1.741 -32.13 27 Little Rock- North Little Rock, AR 1177 223 1.634 12.10 28 Oklahoma City, OK 2,120 223 1.631 12.95 29 Warren-Farmington Hills- Troy, MI 4,211 231 1.575 36.50 30 Orlando, FL 2,882 231 1.573 -1.40 31 Tulsa, OK 1,516 242 1.504 -2.19 32 Phoenix-Mesa, AZ 5,492 242 1.498 35.47 33 Charlotte-Gastonia, NC 2,190 250 1.456 25.43 34 Oakland, CA 3,532 253 1.434 35.95 35 San Diego, CA 4,069 256 1.421 56.74 36 Sacramento, CA 2,509 260 1.395 -16.98 37 Louisville, IN-KY 1,837 268 1.356 72.33 38 Fresno, CA 973 278 1.305 32.20 39 Gary, IN 890 296 1.225 37.13 40 Bakersfield, CA 768 302 1.205 98.96 41 Tucson, AZ 1,143 321 1.132 15.92 42 Tacoma, WA 843 329 1.105 7.25 43 Suffolk-Nassau, NY 2,973 330 1.101 -21.60 44 Newark, NJ 2,456 330 1.100 46.98 45 Cincinnati, IN-KY-OH 2,494 334 1.087 29.96 46 Toledo, OH 854 334 1.086 -10.20 47 Worchester, MA 823 362 1.003 90.07 48 Pittsburgh, PA 2,944 366 0.991 18.90 49 El Paso, TX 608 369 0.984 -9.25 50 Omaha-Council Bluffs, IA-NE 824 375 0.969 464.38 51 Raleigh-Cary, NC 862 382 0.950 5.77 52 Philadelphia, PA 4,089 383 0.949 4.42 53 Sarasota-Bradenton- Venice, FL 814 394 0.923 25.42 54 St. Louis, IL-MO 2,838 403 0.901 16.60 55 Los Angeles-Long Beach, CA 7,860 416 0.873 46.12 56 Springfield, MA 654 423 0.859 70.76 57 Edison, NJ 2,058 425 0.854 29.84 58 Kansas City, KS-MO 1,802 436 0.832 23.51 59 Buffalo-Cheektowaga- Tonawanda, NY 1,154 443 0.819 128.97 60 Orange, CA 2,058 471 0.771 39.53 61 New Haven-Milford, CT 720 473 0.768 -15.59 62 Birmingham-Hoover, AL 878 481 0.756 71.48 63 Scranton-Wilkes-Barre- Hazleton, PA 525 481 0.755 1,593.55 64 Nashville-Davidson, TN 1,115 496 0.732 -2.28 65 Bridgeport-Stamford- Norwalk, CT 677 501 0.724 -10.09 66 Albuquerque, NM 602 508 0.715 -61.99 67 Seattle-Bellevue- Everett, WA 1,805 542 0.670 -7.34 68 Hartford, CT 845 558 0.650 -21.18 69 San Jose-Sunnyvale- Santa Clara, CA 1,014 588 0.618 20.00 70 Ventura, CA 415 607 0.599 27.69 71 Essex, MA 471 610 0.596 117.05 72 Greenville, SC 370 646 0.563 27.15 73 Milwaukee-Waukesha- West Allis, WI 943 656 0.554 24.41 74 New York-Wayne- White Plains, NJ-NY 6,467 659 0.551 -12.68 75 Knoxville, TN 415 665 0.546 -3.04 76 Wichita, KS 352 678 0.537 -12.00 77 Rochester, NY 622 687 0.529 72.78 78 Boston-Quincy, MA 1,048 696 0.522 74.38 79 Portland-Vancouver- Beaverton, OR-WA 1,037 763 0.476 -72.46 80 Minneapolis-St Paul- Bloomington, MN-WI 1,511 774 0.469 18.32 81 Providence-New Bedford, RI 551 798 0.455 68.50 82 Cambridge-Newton- Framingham, MA 664 868 0.418 79.46 83 Poughkeepsie-Newburgh- Middletown, NY 257 890 0.408 -9.19 84 Baton Rouge, LA 298 920 0.395 277.22 85 Greensboro-Highpoint, NC 298 923 0.394 -22.40 86 San Francisco, CA 743 958 0.379 20.03 87 Washington-Arlington- Alexandria, DC-MD-VA-WV 1,435 1,049 0.346 56.83 88 Syracuse, NY 206 1,350 0.269 -26.16 89 Columbia, SC 197 1,367 0.266 -51.95 90 Wilmington, DE-MD-NJ 186 1,399 0.260 97.87 91 Charleston, SC 160 1,456 0.250 -23.81 92 Allentown-Bethlehem- Easton, PA 174 1,662 0.219 20.83 93 New Orleans, LA 340 1,757 0.207 190.60 94 McAllen-Edinburg-Pharr, TX 106 1,818 0.200 41.33 95 Baltimore-Towson, MD 511 2,051 0.177 -0.97 96 Albany-Schenectady-Troy, NY 163 2,232 0.163 -27.23 97 Norfolk-Virginia Beach- Newport News, NC-VA 227 2,423 0.150 18.85 98 Honolulu, HI 103 3,068 0.118 -28.97 99 Richmond, VA 114 3,874 0.094 3.64 100 Bethesda-Frederick- Gaithersburg, MD 74 5,505 0.066 4.23 About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, and No. 53 on Inc. magazine's 2006 Inc. 500 list of the nation's fastest-growing private companies, RealtyTrac Inc. (http://www.realtytrac.com/), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.

Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new construction properties, with more than 1 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and the Wall Street Journal's Real Estate Journal. For more information, visit http://www.realtytrac.com/.

CONTACT: Michelle Sabolich of Atomic Public Relations, +1-415-402-0230,
michelle.sabolich@atomicpr.com, for RealtyTrac Inc.

Web site: http://www.realtytrac.com/