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11-01-30 A Frightening Satellite Tour Of America’s Foreclosure Wastelands // Un paseo por satélite aterrador de Wastelands exclusión de Estados Unidos // 是美国取消抵押品赎回权荒原可怕卫星巡回赛

June 19, 2011

A Frightening Satellite Tour Of America’s Foreclosure Wastelands

Gus Lubin | Jan. 30, 2011, 3:42 PM

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Image: Courtesy of Prudential Douglas Elliman via Curbed

RealtyTrac is out with the total foreclosure numbers for 2010. On the whole things are getting worse.

72 percent of major metro areas saw 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 foreclosure suspensions due to the robosigning scandal, these numbers would have been 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)

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Sarasota, Fla. — 1 in 21 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Lakeland, Fla. — 1 in 21 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Tampa, Fla. — 1 in 20 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

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

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Sacramento, Calif. — 1 in 19 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Naples, Fla. — 1 in 18 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Deltona, Fla. — 1 in 17 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Bakersfield, Calif. — 1 in 17 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Reno, Nev. — 1 in 16 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Vallejo, Calif. — 1 in 16 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Orlando — 1 in 15 homes in foreclosure

Orlando -- 1 in 15 homes in foreclosure

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Merced, Calif. — 1 in 14 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Stockton, Calif. — 1 in 14 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Riverside, Calif. — 1 of 14 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Miami — 1 in 14 homes in foreclosure

Miami -- 1 in 14 homes in foreclosure

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Phoenix — 1 in 14 homes in foreclosure

Phoenix -- 1 in 14 homes in foreclosure

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Modesto, Calif. — 1 in 14 homes in foreclosure

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

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

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

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Las Vegas — 1 in 9 homes in foreclosure

Las Vegas -- 1 in 9 homes in foreclosure

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

USA — 1 in 46 homes in foreclosure

USA -- 1 in 46 homes in foreclosure

Image: Courtesy of Google Maps

Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

Unfortunately, prices are still dropping

 

Read more: http://www.businessinsider.com/satellite-tour-foreclosure-cities-2011-1?op=1#ixzz1Pl3YwDWO

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