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Graphical Foreclosure Disaster

IMG Auteur
Published : November 05th, 2012
430 words - Reading time : 1 - 1 minutes
( 10 votes, 4.8/5 ) , 2 commentaries
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FOLLOW : 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...





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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
Rating :  0  1
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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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