RealtyTrac , the leading online marketplace for foreclosure properties, , the leading online marketplace for foreclosure properties, today released its 2008 U.S. Foreclosure Market Report , which shows a total of 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 2,330,483 U.S. properties during the year, an 81% increase in total properties from 2007 and a 225% increase in total properties from 2006. The report also shows that 1.84% of all U.S. housing units (one in 54) received at least one foreclosure filing during the year, up from 1.03% in 2007.

MP: If you take out the six states with the highest foreclosure rates (CA, FL, NV, AZ, MI and OH), the 1.84% foreclosure filing rate drops to only 1.1%. Further and probably more importantly (although not reported by RealtyTrac ), my analysis of If you take out the six states with the highest foreclosure rates (CA, FL, NV, AZ, MI and OH), the 1.84% foreclosure filing rate drops to only 1.1%. Further and probably more importantly (although not reported by), my analysis of the RealtyTrac data shows that more than half (52%) of the 2008 foreclosures were concentrated in just five states: Arizona, Florida, California, Michigan and Nevada.

Update: Those six states have 28% of the U.S. population, and 52% of the 2008 foreclosures.