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New Foreclosure Numbers: 20 Cities With 1 in 20 Of Homes In Foreclosure In 2010

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 some 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.

20) Boise, Idaho — 1 in 21 homes in foreclosure (The red dots show foreclosures)

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


Note: The red dots shows homes currently in foreclosure. The slide title describes the fraction of homes that received foreclosure filings in 2010.

 

Read more – see the rest of the pics.



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