Oddly, Indiana is also high on the foreclosure list. Indianapolis tends to be a very tough market for home builders.
It is weird, but it seems that the states with the most foreclosures are also the most affordable. You'd think it would be the other way around esp. using the measure of affordability in this article.
This is true. I know many people that moved away from here but moved back because they can get a lot better house for the money. There are a lot of forclosures. Much of that has been due to job loss and not buying the homes at fixed rates.