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.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: