Foreclosures Raise Economic Stress Index for December
Tap to Call - (877) 250-8242

AP Economic Stress Index driven up by foreclosures


Share this article



AP Economic Stress Index driven up by foreclosures

Though unemployment dropped in December, increasing foreclosure rates in several U.S. regions drove up the monthly AP Economic Stress Index for the month.

The index, which ranges from 1 to 100 based on a combination of unemployment, bankruptcy and foreclosure rates nationwide, reflects more economic stress the higher it is. The average county had a stress level of 10.4 in December, up from 10.3 in November. Though unemployment fell and bankruptcy rates remained fairly constant nationwide during the month, rising foreclosures in certain states contributed to an increase in overall stress level for the country, the news source said.

Foreclosures in states that have felt the burden of depressed housing markets in recent years, like California and Florida, actually fell during the month. They rose the most in certain regions in western states, including Seattle, Salt Lake City and Greeley, Colorado.

Georgia joined the list of most-stressed states during the month, according to the news source, possibly because its unemployment, bankruptcy and foreclosure rates have been rising in the past several months. It has the second-highest bankruptcy rate in the country, and the seventh-highest foreclosure rate. Its unemployment rate was 10.2 percent in December, according to the Bureau of Labor Statistics.

Back to Newspaper Home

Tap to Call - (877) 250-8242

Copyright © 2018 MH Sub I, LLC. All rights reserved. ® Self-help services may not be permitted in all states. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. The attorney listings on this site are paid attorney advertising. In some states, the information on this website may be considered a lawyer referral service. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state.Your use of this website constitutes acceptance of the "Terms & Conditions", "Supplemental Terms", "Privacy Policy" and "Cookie Policy."