Foreclosures spike in Las Vegas

The foreclosure figures for December 2007 from RealtyTrac are out, and Las Vegas has arisen as the hardest-hit area in the U.S., accompanied by Detroit and various California markets such as Stockton, parts of the San Francisco East Bay and much of Southern California's Inland Empire. But what's different now is that foreclosures are rising even in areas with otherwise sound economies. From a CNNMoney story:

A year ago, old Midwestern industrial cities like Detroit and Cleveland dominated the foreclosure statistics amid factory closings and job losses. Now, otherwise prosperous Sun-Belt cities contain the zip codes worst hit by defaults...

Zip code 89031 in North Las Vegas had the most foreclosures on its books as of December, with a total of 741 filings -- default notices, auction notices and bank repossessions. The nearby zip 89131 was second on the list with 665 filings, and illustrates just how the face of foreclosure has changed.

Unlike depressed Midwestern cities, the 89131 area is prosperous, with strong employment and income levels well that are above average for the state. The foreclosure problems in Las Vegas stem from the unaffordable terms of the mortgages themselves, rather than from local economic conditions...

Rank	Zip	City	State	Default Notices	Auction Notices	REO
1	89031	North Las Vegas	NV	368	285	88
2	89131	Las Vegas	NV	304	289	72
3	89148	Las Vegas	NV	315	226	73
4	89108	Las Vegas	NV	303	232	38
5	89052	Henderson	NV	247	187	50
6	89139	Las Vegas	NV	246	159	71
7	89129	Las Vegas	NV	235	192	46
8	95206	Stockton	CA	268	56	143
9	48228	Detroit	MI	88	220	145
10	89123	Las Vegas	NV	243	159	46
11	89147	Las Vegas	NV	220	167	50
12	89110	Las Vegas	NV	243	155	36
13	89117	Las Vegas	NV	234	158	41
14	33971	Lehigh Acres	FL	359	43	29
15	89141	Las Vegas	NV	200	190	41
16	94565	Pittsburg	CA	237	74	119
17	89128	Las Vegas	NV	216	170	40
18	89122	Las Vegas	NV	228	144	39
19	89032	North Las Vegas	NV	215	150	43
20	89149	Las Vegas	NV	208	161	38
21	48205	Detroit	MI	81	190	133
22	48224	Detroit	MI	80	183	139
23	89183	Las Vegas	NV	205	161	33
24	89081	North Las Vegas	NV	180	169	49
25	33993	Cape Coral	FL	317	56	23
26	93535	Lancaster	CA	185	75	114
27	93550	Palmdale	CA	195	61	110
28	92563	Murrieta	CA	169	57	134
29	92336	Fontana	CA	199	56	99
30	89074	Henderson	NV	192	117	35
31	89121	Las Vegas	NV	191	122	24
32	33914	Cape Coral	FL	249	57	18
33	89178	Las Vegas	NV	172	122	29
34	89084	North Las Vegas	NV	144	142	34
35	48219	Detroit	MI	69	142	100
36	92571	Perris	CA	162	45	101
37	92345	Hesperia	CA	174	45	88
38	22193	Woodbridge	VA	104	177	24
39	34953	Port Saint Lucie	FL	239	50	16
40	95823	Sacramento	CA	151	50	104
41	33909	Cape Coral	FL	214	72	18
42	89130	Las Vegas	NV	140	127	35
43	92553	Moreno Valley	CA	153	57	92
44	89011	Henderson	NV	177	104	18
45	94509	Antioch	CA	160	45	91
46	85022	Phoenix	AZ	0	287	8
47	80013	Aurora	CO	3	184	107
48	93635	Los Banos	CA	187	28	75
49	89115	Las Vegas	NV	160	107	20
50	48227	Detroit	MI	56	140	89
51	44105	Cleveland	OH	93	77	112
52	95376	Tracy	CA	155	50	68
53	92376	Rialto	CA	163	41	68
54	92503	Riverside	CA	141	57	73
55	93536	Lancaster	CA	148	51	72
56	89107	Las Vegas	NV	135	109	24
57	48235	Detroit	MI	56	127	82
58	95828	Sacramento	CA	145	35	84
59	92555	Moreno Valley	CA	132	44	85
60	33025	Hollywood	FL	185	53	20
61	94531	Antioch	CA	144	35	78
62	89002	Henderson	NV	141	92	21
63	89103	Las Vegas	NV	147	91	14
64	89113	Las Vegas	NV	132	99	21
65	89142	Las Vegas	NV	144	87	21
66	48234	Detroit	MI	56	130	65
67	92592	Temecula	CA	124	54	69
68	33313	Fort Lauderdale	FL	177	37	21
69	95758	Elk Grove	CA	118	30	87
70	95209	Stockton	CA	127	44	63
71	92530	Lake Elsinore	CA	118	49	66
72	92880	Corona	CA	117	33	82
73	93551	Palmdale	CA	118	39	75
74	30310	Atlanta	GA	3	177	50
75	33160	North Miami Beach	FL	175	38	17
76	92557	Moreno Valley	CA	122	35	72
77	89014	Henderson	NV	111	94	22
78	89156	Las Vegas	NV	120	84	23
79	92562	Murrieta	CA	100	47	77
80	94513	Brentwood	CA	122	36	65
81	94533	Fairfield	CA	129	36	58
82	92392	Victorville	CA	131	33	57
83	95210	Stockton	CA	117	47	56
84	89015	Henderson	NV	118	82	19
85	92335	Fontana	CA	118	37	64
86	33023	Hollywood	FL	142	51	25
87	89145	Las Vegas	NV	100	95	22
88	33990	Cape Coral	FL	164	37	15
89	60628	Chicago	IL	142	41	32
90	95377	Tracy	CA	123	32	57
91	33311	Fort Lauderdale	FL	137	46	28
92	33064	Pompano Beach	FL	151	40	19
93	33131	Miami	FL	157	32	21
94	92154	San Diego	CA	111	43	52
95	92584	Menifee	CA	102	32	72
96	95624	Elk Grove	CA	126	26	54
97	94591	Vallejo	CA	114	37	53
98	48221	Detroit	MI	41	92	70
99	22191	Woodbridge	VA	75	107	20
100	33027	Hollywood	FL	154	32	16