Tuesday, August 30, 2011

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)

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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
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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
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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
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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
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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
Image006

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
Image007

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
Image008

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
Image009

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
Image010

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
Image011

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
Image012

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
Image013

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
Image014

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
Image015

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
Image016

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
Image017

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
Image018

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
Image019

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
Image020

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
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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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Shawn J. Harressey
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Posted via email from Joe Murphy Knows Real Estate in Bradenton

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