- Mission, Texas
- Detroit, Mich.
- Miami, Fla.
- Brownsville, Texas
- Merced, Calif.
- Lakeland, Fla.
- Bakersfield, Calif.
- Fort Lauderdale, Fla.
- San Bernardino, Calif.
- Visalia, Calif.
Tuesday, April 21, 2009
Riskiest places to buy a home
Forbes Magazine and Moody's Economy.com surveyed the 200 largest metropolitan areas, adding up the number of loans to low-rated borrowers and dividing that sum by the total number of mortgages. Here are the 10 metro areas with the highest percentages of non-prime mortgages, which makes them susceptible to defaults as unemployment rates continue to rise:
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