Cities in the Sunbelt see the most foreclosure activity in 1Q 2009

?The metro areas with the highest levels of foreclosure activity in the first quarter of 2009 paint a picture of concentrated problems in a relative small number of hard hit areas,? explains James Saccacio, CEO of RealtyTrac, a leading online marketplace for foreclosure properties. ?Sales activity appears to be increasing in some of these markets as home prices have fallen to levels that are attractive to first-time homebuyers and investors. While we expect many of these metro areas to continue to experience high levels of foreclosure activity through 2009, we also expect to see other markets rise up the ranks as unemployment rates surge throughout the country.? Las Vegas, NV topped the list with one in every 22 units of 4.48 percent of all housing units receiving some type of foreclosure