Which housing markets have the most—and least—mortgage distress right now?

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Before a home falls into foreclosure, the warning signs typically appear months earlier. A borrower first misses a payment or two, landing in the 30- or 60-day delinquency bucket. If financial stress persists, they fall further behind—90 to 180 days past due—and only around then (lenders generally can’t start foreclosure until a borrower is at least 120...