Only nine areas in the nation have a foreclosure rate lower than the Tri-Cities, says a report by California-based real estate information services, RealtyTrac.
The Tri-Cities was ranked 194th on a list of 203 metro areas with a population of 200,000 or more.
Las Vegas posted the nation's highest foreclosure rate, according to the RealtyTrac's year-end 2009 list released Thursday.
Four Sunbelt states accounted for all top 20 foreclosure rates in the nation.
California accounted for nine of the top 20 cities with high foreclosure rates, followed by Florida with eight cities, Nevada with two and Arizona with one.
The highest-ranked metro area outside of those four states was Boise-Nampa, Idaho, which ranked 24th with 4.66 percent of its housing units receiving at least
one foreclosure notice last year.
The Tri-Cities' foreclosure rate was 0.27 percent last year based on 230 foreclosure filings.
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Tri-City home market shows promise for 2012
Tri-City home market shows promise for 2012
It's early, but 2012 is looking like a great year for the Tri-Cities home market.
The economy appears solid, interest rates are at historic lows and the area has many signs of a healthy market, according to local real estate agents.
Dave Retter, Windermere Real Estate/Tri-Cities owner and broker, said he is hearing from his real estate agents that buyers and sellers "are feeling pretty good about the Tri-Cities."
Tri-Cities tops list of most-secure areas
Tri-Cities tops list of most-secure areas
The Tri-Cities area is the No. 1 most-secure place to live in the United States among mid-sized cities, according to the eighth annual Farmers Insurance Group study.
The Tri-Cities last was named the top most-secure place in 2005.
The rankings, compiled by database experts at www.bestplaces.net, considered crime statistics, extreme weather, risk of natural disasters, housing depreciation, foreclosures, air quality, environmental hazards, terrorist threats, life expectancy and job loss numbers in 127 U.S. metropolitan areas with populations between 150,000 and 500,000.
Tri-Cities comes in second for housing market recovery
Tri-Cities comes in second for housing market recovery
Tri-City home prices are expected to grow by 3.4 percent this year, ranking the area second in the nation for best recovery in the housing market.
The recent rating by the Housing Predictor, an independent real estate market forecaster, is more evidence of how well the Tri-City economy is doing, said Rene Dahlgren, Home Builders Association of Tri-Cities director of government affairs.
Housing Predictor said the only housing market expected to see more growth in home prices is El Paso, Texas, which is expected to see a 3.7 price increase.
SEARCH: Tri-City foreclosures
SEARCH: Tri-City foreclosures
Use this database to search for Tri-City foreclosures by year, going back to 2004.
Online Database by Caspio
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Tri-City home sales rally in autumn
Tri-City home sales rally in autumn
The increasing number of homes sold this fall gives area real estate agents hope that 2012 will be a better year for the Tri-City housing market.
A lack of consumer confidence made July and August seem dismal compared to previous years, but that hurdle seemed to be cleared starting in September.
The number of homes under contract to be sold during September, October and November grew in comparison to last year.
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