Bank and Tax Lien Foreclosures Rose Again in Myrtle Beach in 2010

Although foreclosed properties at Sheriff auctions are also part of Nebraska's concerns, the state still maintained its healthy economy in 2010. The region is among the states in the U.S. considered as having the lowest economic stress last year, according to an analysis conducted by the Associated Press.

Omaha foreclosures for sale and distressed properties in the rest of the state remained way below the levels of foreclosure hotbeds like Nevada, Arizona, and Florida. Overall, Nebraska came in at second place among the states with the lowest economic stress scores, with the region having a 5.38 stress rate. Nebraska is bested by only one state last year, with North Dakota occupying the top spot in the list of healthiest states with a stress score of 4.65.

The positive rating of the state is mainly due to the fact that Nebraska foreclosures are relatively low when compared with other states. The AP ranked the states based on foreclosures, unemployment and bankruptcies. According to the agency, the economic stress of the whole country increased in the last month of 2010 despite a decline in nationwide unemployment rate. AP stated that the main reason was the continuous surge in the number of foreclosures.

The number of foreclosed properties offered at Sheriff auctions increased during December when compared with November in 33 regions, resulting in the states with the highest foreclosure rates to post higher economic stress scores. Rates of foreclosure rose significantly during the month in Arizona, Nevada, New Jersey, and Utah.

Regions with the highest supplies of foreclosure homes and the highest number of workers employed in the real estate industry garnered the highest economic stress rates, the AP report showed. For the whole of 2010, the most economically stressed state was, again, Nevada, which earned a 22.56 stress grade. Florida came in at second place with a score of 16.47 while California was third, at 16.36.

Places with declining foreclosures at Sheriff auctions posted the biggest improvement in 2010. The AP also reported that counties with most of their workers employed in manufacturing industries experienced the biggest decline in stress scores; these include Alabama, Tennessee, and Mississippi.