A Satellite’s view of the Forclosure Crisis


Inquiring minds are looking at RealtyTrac numbers that are now out on the total foreclosures for 2010 and things are getting worse.

Just how bad is it?

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.

To see a frightening visualization of the foreclosure crisis, look at this Google maps prestentation created by Barry Ritholtz:

A satellite tour of the foreclosure crisis.

more interesting maps

Incredibly ugly…and getting uglier.

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