Foreclosure Hotspots (3d Quarter, 2007)

November 15th, 2007by Laurie Schintler

The Realtytrac 3d Quarter foreclosure numbers released this week paint a grim picture for the nation’s housing market. Unprecedented foreclosure rates were reported for numerous cities. In Stockton, CA, the leader of the pack, an astounding 1 in 31 households filed for foreclosure last quarter.

What is also unsettling is the geographic pervasiveness of the problem. As James Saccacio, the CEO of the Realtytrac noted this week: “…increasing foreclosure activity was not limited to just a few hot spots.”

The maps below show foreclosure rates and trends in filings for the top 98 largest metropolitan areas (lower 48 states), based on Realtytrac’s numbers. Pan across the maps to identify hotspots by city or zoom out to get a more general spatial perspective. Top rankings are provided beneath each map.

Foreclosure Rates

Stockton, CA ~ 1 in 31

Detroit/Livonia/Dearborn, MI ~ 1 in 33

Riverside/San Bernadino, CA ~ 1 in 43

Sacramento, CA ~ 1 in 48

Las Vegas/Paradise, NV ~ 1 in 48

Percent Change in Property Foreclosure Files (2nd to 3d Quarter 2007)

Richmond, VA ~ 224%

Wilmington, DE-NJ ~ 202%

Springfield, MA ~ 151%

Boston/Quincy, MA ~ 146%

Cambridge/Newton/Framington, MA ~ 132%

Percent Change in Property Foreclosure Files (3d Quarter 2006 to 3d Quarter 2007)

Bethesda/Frederick/Gaithersburg, MD ~ 1640%

Cambridge/Newton/Framington, MA ~ 1552%

Boston/Quincy, MA ~ 1274%

Springfield, MA ~ 1169%

Essex, MA ~ 994%

Popularity: 12% [?]

Filed in foreclosures, geocommons

4 Responses to “Foreclosure Hotspots (3d Quarter, 2007)”

Takuya Misawa Says:
November 15th, 2007 at 7:49 am
Dear teams,

doc.geocommons.com is not working. Are you updating the content, or have you stopped development of the API? The only way to access the documentation is by Google cache.
Light week of blogging | Real Central VA Says:
November 15th, 2007 at 4:20 pm
[…] interesting stories on foreclosures - Transparent and Moving Past Push Pins The early halcyon days of Sesame Street - however did that generation recover from the trauma […]
Tax Lien Information Says:
April 26th, 2008 at 5:20 am
I have a real problem with the government taking money out of my check to give to someone that made a bad choice and bought more house than they can afford. I also have a problem with my tax dollars being used to bail out billion dollar corporations.

There is a thing called personal choice and people should be responsible for it.
Dale "Short Sale" Kirkland Says:
August 19th, 2008 at 12:56 am
Well, this turned out to be so correct it’s scary. We can only hope the government turns right around and addresses the cause of this whole mess, the lenders. Dale