Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

3 of 5
BACKNEXT
3rd place: Lincoln, Neb.
Foreclosure rate: One in 2,417 homes
Percent increase: 240%

The Lincoln area is hurting for jobs, as a glut of state and federal employees find themselves without enough work, according to area realtor Cheryl Duval of Century 21.

"We're no Detroit, but the workforce problem has definitely hurt us," Duval said.

And that doesn't bode well for foreclosures. Already Lincoln saw itself get unexpectedly hit, and if workers can't get jobs, the number will continue to skyrocket. In fact, many experts now say more people are losing their homes due to joblessness than exotic mortgages.

"It feels like everyone is broke," she said. "We just don't have the jobs to match the skills here."

Nearly 40% of home sales in 2009 have been foreclosed properties, while new homes accounted for "next to nothing," Duval said.

Plus, she fears that the bitter Nebraska winter will deal another blow to the labor and housing markets.

NEXT: 1st runner up: Gulfport-Biloxi, Miss.

Last updated October 30 2009: 12:24 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Source: RealtyTrac
Increase is between the second and third quarters of 2009.
More Galleries
Brexit voices: In or out? CNNMoney speaks to British people to find out their views ahead of the referendum on EU membership. More
10 key facts about the U.S. economy Unemployment is down, gas is cheap and America is growing. But just how strong is it? More
10 best investing apps (and sites) Investing should be cheap, effective and easy. These products simplify your financial life. More

Special Offer