Shadow Inventory of Foreclosures in the Major markets, a real EYE opener

We all hear about the "shadow inventory" issues our country is facing, these graphics are really amazing at showing all the upcoming foreclosures throughout the country.  This is a major problem, that will be with us for some time.  What do you think of these maps?

 

 

THIS IS A STARTLING SET OF PICTURES!   Note: The red dots show homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010 Although some of the worst hit areas in Nevada, California and Florida improved from 2009, the foreclosure rate in these areas remains high. For a way to visualize the foreclosure crisis, they borrowed a Google maps technique described by Barry Ritholtz . Keep scrolling down, Las Vegas is the big winner/loser with its number of foreclosures. 20) Boise, Idaho -- 1 in 21 homes in foreclosure (The red dots show all foreclosures in process) 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. 19) 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. 18) 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. 17) 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. 16) 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. 15) 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. 14) 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. 13) 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. 12) 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. 11) 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. 10) 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. 9) 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. 8) 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. 7) 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. 6) 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. 5) 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. 4) 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. 3) 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. 2) 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. 1) 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. BONUS: 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. How 's that  " Hope & Change "  working out for ya?

 

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Posted via email from Joe Murphy Knows Real Estate in Bradenton

A few nice high end bank owned homes hit the market.

High-end foreclosures have had a recent bump in the past few weeks.  I have a link below that will take you to a few unique and some bargain bank owned homes.  In case you are curious, or know anyone looking to move up this is a great time as these homes are now half price, or less than their respective values 5 years ago. 
 
 
There has been an increase in some higher end homes very recently coming on the market.  Some very nice homes here, in case you were interested, or knew anyone looking for a luxury bargain. 
 
 A few are unrealistic with prices, but offers are always welcome! 
 
This is a great time to be looking at this price range as there are less buyers in the market for the next few months before season begins.
 
Have a great night,
 
Joe Murphy

JOSEPH MURPHY, P.A.
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joe@manateemoves.com
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Posted via email from Joe Murphy Knows Real Estate in Bradenton