Manassas, Woodbridge, and Sterling on Foreclosure List

500 Top foreclosure zip codes

Where the most foreclosures have been filed.

June 19 2007: 3:56 PM EDT

NEW YORK (CNNMoney.com) — The most foreclosure activity is clustered in two area; old Rust-Belt areas and new Sun-Belt ones.

More than a quarter of all leading foreclosure zip cdes are in California but many of the worst-hit zip codes are in the Midwest. Ohio has 49 zip codes in the top 500, trailing only California and Florida, which has 72.

Michigan has 34, including four in the top 10. All of them are within Detroit city limits. 

Foreclosures: Hardest hit zip codes (With Va cities abstracted)

Zip Code	City	State	Default Notices	Auction Notices	Bank Repossessions	Total Foreclosure Filings

22193    Woodbridge            Va      125           121          94                   340

22191     Woodbridge            Va      82              83          65                   230

20164     Sterling                   Va      71               49          49                   169

20110     Manassas                Va      71              56           58                   186

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Reinventing the family room

The Lucido family used to spend a lot of weekday time apart — kids in the toy room, mom Kelli working upstairs. So when they moved to a new house in Oakville, Mo., in December, Lucido says she came up with a fix: a whole-family home office, with mom-and-me desks and a new laptop for her 7-year-old. It’s the “heart of the house,” she says.

 

U.S. Economy to Expand in Coming Months

NEW YORK _ The U.S. economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a gauge of future business activity showed on Thursday.The Conference Board said its index of leading economic indicators rose a higher-than-expected 0.3 percent in May, boosted by rising stock prices, higher consumer expectations and the availability of jobs.

Economists said that jobs should continue to be plentiful, despite an unexpected surge in jobless claims last week.

Home builders’ confidence falls to 16-year low

The outlook for U.S. home building is the worst in 16 years, the National Association of Home Builders reported Monday. The builders’ housing market index fell by two points to 28 in June, the lowest since February 1991.

The market probably won’t turn around until next year, said David Seiders, chief economist for the builders. “We expect housing to exert a drag on economic growth during the balance of 2007.”

The decline was in line with expectations of economists surveyed by MarketWatch. See Economic Calendar.

At 28, the index shows that fewer than one-third of builders think the housing market is good or fair. Builders are concerned about high levels of unsold homes, rising mortgage rates and the continuing “crisis” in the subprime mortgage segment, the industry trade group said. Read more at the group’s Web site.

Federal Mortgage Reform Unlikely in 2007

Homeowners unable to pay monthly mortgage bills and facing foreclosure shouldn’t count on help from Washington this year. Regulators and lawmakers seem to be taking a wait-and-see approach as they confront the fallout from several years of lenders making too many home loans to people with inadequate credit.

It would be a mistake to overreact to a market that is already showing signs of self-correcting at a time when little evidence has emerged that the broader economy is at risk, according to regulators and some lawmakers. They also note that consumer spending remains solid, the nation’s jobless rate is still low, and stock indexes have hit record highs in reaction to strong corporate profits.