A Frightening Satellite Tour Of America’s Foreclosure Wastelands
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 some 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.
20) Boise, Idaho — 1 in 21 homes in foreclosure (The red dots show foreclosures)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 some 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.
19) Sarasota, Fla. — 1 in 21 homes in foreclosure
18) Lakeland, Fla. — 1 in 21 homes in foreclosure
Read more: http://www.businessinsider.com/satellite-tour-foreclosure-cities-2011-1?slop=1#slideshow-start%23ixzz1CHII8G00%23ixzz1CLP0ArgD
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