Everyday brings another extraordinary housing crash statistic. Today, California provides the housing horror. According to RealtyTrac, foreclosures in California are running at twice the national average. Metropolitan areas in the state now claim 6 out of ten highest places in the nation’s highest foreclosure rates.

According to the Mortgage Bankers Association, 119 out of every 10,000 home loans were at some step in the foreclosure process at the end of last year; 54 out of every 10,000 home loans entered the foreclosure process during the last three months of 2006. That is a record -- the previous record, at the end of a recession in 2002, had been 50 new foreclosures for every 10,000 loans.

Overall, one of every 775 U.S. households had a foreclosure filing during March. California's rate of one for every 389 was almost twice that. Nationally, foreclosures were up 7 percent from the month before, although California was up 36 percent and trailed only Nevada and Colorado for the highest rate of foreclosures.