A Frightening Satellite Tour Of America's Foreclosure Wastelands
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)
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
Image: Courtesy of Google Maps
Deltona, Fla. -- 1 in 17 homes in foreclosure
Image: Courtesy of Google Maps
Bakersfield, Calif. -- 1 in 17 homes in foreclosure
Image: Courtesy of Google Maps
Reno, Nev. -- 1 in 16 homes in foreclosure
Image: Courtesy of Google Maps
Vallejo, Calif. -- 1 in 16 homes in foreclosure
Image: Courtesy of Google Maps
Orlando -- 1 in 15 homes in foreclosure
Image: Courtesy of Google Maps
Merced, Calif. -- 1 in 14 homes in foreclosure
Image: Courtesy of Google Maps
Stockton, Calif. -- 1 in 14 homes in foreclosure
Image: Courtesy of Google Maps
Riverside, Calif. -- 1 of 14 homes in foreclosure
Image: Courtesy of Google Maps
Miami -- 1 in 14 homes in foreclosure
Image: Courtesy of Google Maps
Phoenix -- 1 in 14 homes in foreclosure
Image: Courtesy of Google Maps
Modesto, Calif. -- 1 in 14 homes in foreclosure
Image: Courtesy of Google Maps
Cape Coral, Fla. -- 1 in 12 homes in foreclosure
Image: Courtesy of Google Maps
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
Image: Courtesy of Google Maps
Unfortunately, prices are still dropping
Read more: http://www.businessinsider.com/satellite-tour-foreclosure-cities-2011-1?op=1#ixzz1Pl3YwDWO
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