BUSINESS
03/28/2008 02:44 am ET | Updated May 25, 2011

Las Vegas And Detroit Foreclosure Rates Double

U.S. home foreclosure rates in the Las Vegas and Detroit metropolitan areas doubled in the first half of 2007 from a year ago, a report said on Tuesday.

U.S. home foreclosures rates were highest in Stockton, California, Detroit and Las Vegas for the 100 largest metropolitan areas in the first six months of 2007, said RealtyTrac, an online marketplace for foreclosure properties.

Stockton, to the east of San Francisco, suffered one foreclosure filing for every 27 households for a rate that tripled from the same period in 2006.

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