Wednesday, April 30, 2008

Apocalypse Watch: Oakland Leads the Way

By Chris Thompson
Wed, Apr 30, 2008 at 7:39 AM

Oakland marches on toward housing oblivion, as a new study shows that the city has the tenth highest number of foreclosures in the country! The East Bay Business Times reports that RealtyTrac, a firm that tracks foreclosures and home auctions around the country, has released foreclosure data for the first quarter of 2008, and Oakland tops the list among Bay Area cities. (The report lists San Francisco at number 71 among the cities with the most foreclosures.) But take heart, dear Oaklanders. At least nine other metropolitan areas are worse off than you, including Stockton, Riverside, Las Vegas, Bakersfield, and Sacramento.

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