Foreclosure heat map

Discussion in 'Economics' started by Pekelo, Jan 18, 2009.

  1. Pekelo



    "RealtyTrac reported this week that in 2008, the U.S. had a total of 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — on 2,330,483 U.S. properties. This was an 81% increase over 2007, and a 225% percent increase from 2006.

    The report also shows that 1.84 percent of all U.S. housing units (one in 54) received at least one foreclosure filing during the year, up from 1.03 percent in 2007."
  2. e#21


    I know that isn't the total number of properties in the US, but what is?
  3. e#21


  4. no 1 cares. market will surge
  5. Looks like that was from 2000 census data, though, probably a lot more now after the boom of the 2000s.

    With a population of ~300,000,000 that's a lot of housing units. Seems like the first problem in a lot of these busts is just total saturation of the particular market. I still think that has a lot to do with this whole recession, consumer saturation, people weren't getting any enjoyment out of any added stuff anymore, but that's the only way we were all employed.

    I don't know what comes next :(
  6. e#21


  7. e#21


    that's true , so I can guess there is now some 130M properties

    with that estimate we can say the number of properties is ~18% more than the number of households in the US

    that is kinda f*cked up, i think it shouldn't be more than 10% more than the number of households