HTN: Foreclosures Dropping in Buffalo

Some good economic news for us: when it comes to foreclosures, Buffalo is rather low on the list. California, Florida, Nevada and Arizona are home to cities with the highest home repossession rates in the nation. A newly-released report from RealtyTrac shows Buffalo at number 162, with just one home in every 873 seeing foreclosure. That's a eleven-point-73-percent drop from 2008. California, Florida, Nevada and Arizona are the states that house the cities the worst foreclosure rates among cities, Las Vegas is worst off of all. with nearly four-and-a-half-percent of its housing involved in some state of foreclosure during the first quarter of this year. That's one in every 22 homes and more than seven times the national average.