Research Article

Dynamics of Housing Price: Foreclosure Rate Interactions

Table 2

Foreclosure Rates per Month: 2000 to 2011.

Metropolitan AreaMeanStandard DeviationMinimumMaximum

Cleveland0.0577%.03940.0128%0.1458%
Dallas0.0609.03660.01470.1259
Denver0.0782.07710.00140.2745
Las Vegas0.1488.17590.00560.5815
Los Angeles0.0604.05820.00210.2437
Minneapolis0.0592.08450.00110.2727
New York0.0071.00430.00260.0200
Phoenix0.1132.15500.00380.4675
Portland0.0389.03350.00600.1473
San Diego0.0591.07670.00100.2976
San Francisco0.0511.06950.00240.2641
Seattle0.0353.03480.00920.1568
Washington, DC0.0397.04290.00290.1677
United States0.03621.03179.01060.11340

Source: Zillow web site.