A recent study challenges the media narrative that foreclosures are dangerously widespread (N e w York Times, March 2 , 2009). According to this study, 62% of all foreclosures were centered in only four states, namely, Arizona, California, Florida, and Nevada. The national average rate of foreclosures in 2008 was 0.79%. What percent of the homes in the United States were foreclosed in 2008 and also centered in Arizona, California, Florida or Nevada? P-258