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Graphical Foreclosure Disaster
Published : November 05th, 2012
430 words - Reading time : 1 - 1 minutes
( 10 votes, 4.8/5 ) , 2 commentaries Print article
 
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Keywords :   Global | Idaho |

 

 

 

 

 

 

The devastating effects both the sub-prime mortgage debacle and the global recession have had on the US economy are somehow alarming. Indeed, 72% of the major metropolitan areas have recently seen an increase in foreclosure volume.

 

Although some of the worst hit areas in Nevada, California and Florida improved from 2009, the foreclosure rate in these areas remains shockingly high. If not for some foreclosure suspensions due to the robo-signing scandal, these numbers would have been even higher.

 

For a frightening way to visualize the foreclosure crisis, we're borrowing a Google maps technique described by Barry Ritholtz.

 

Boise, Idaho -- 1 in 21 homes in foreclosure (The red dots show foreclosures)

 


Image: Courtesy of Google Maps

 

Sarasota, Fla. -- 1 in 21 homes in foreclosure

 


Image: Courtesy of Google Maps

 

Lakeland, Fla. -- 1 in 21 homes in foreclosure

 


Image: Courtesy of Google Maps

 

Tampa, Fla. -- 1 in 20 homes in foreclosure

 


Image: Courtesy of Google Maps

 

Port St. Lucie, Fla. -- 1 in 19 homes in foreclosure

 


Image: Courtesy of Google Maps

 

Sacramento, Calif. -- 1 in 19 homes in foreclosure

 


Image: Courtesy of Google Maps

 

Naples, Fla. -- 1 in 18 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Deltona, Fla. -- 1 in 17 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Bakersfield, Calif. -- 1 in 17 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Reno, Nev. -- 1 in 16 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Vallejo, Calif. -- 1 in 16 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Orlando -- 1 in 15 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Merced, Calif. -- 1 in 14 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Stockton, Calif. -- 1 in 14 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Riverside, Calif. -- 1 of 14 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Miami -- 1 in 14 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Phoenix -- 1 in 14 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Modesto, Calif. -- 1 in 14 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Cape Coral, Fla. -- 1 in 12 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

Las Vegas -- 1 in 9 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

BONUS: USA -- 1 in 46 homes in foreclosure

 

24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps

 

 

 

 

24hGold - Graphical Foreclosur...

 

 

 

 

Charleston Voice

 

This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, please send an email to the author with “SUBSCRIBE' in the subject line.

 

 

 

 

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Latest comment posted for this article
Would like to see comparative maps, Y/Y from 2006 - 2010 - and 2011 - 2014. I'll give you 20 oz Ag for the entire neighborhood - LOL. Question : Have MERS, Robo-Doc and *title-insurance* been resolved ?? Read more
Peter C. - 5/10/2011 at 9:46 PM GMT
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Charleston Voice

All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.
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Would like to see comparative maps, Y/Y from 2006 - 2010 - and 2011 - 2014. I'll give you 20 oz Ag for the entire neighborhood - LOL. Question : Have MERS, Robo-Doc and *title-insurance* been resolved ??
Rate :   0  1Rating :   -1
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If the Government would just let the prices fall and market correct, this would all be over in 6 months. Idiots!
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