Tri-City foreclosure rate ranked low last year

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 leastone foreclosure notice last year.

The Tri-Cities' foreclosure rate was 0.27 percent last year based on 230 foreclosure filings.