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SUNDAY, NOVEMBER 8, 2009
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 ANALYSIS 
3

Most Foreclosures Come From a Few Counties

Crisis affects former boom areas the most

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(Newser) – The majority of US home foreclosures last year happened in just 35 counties, USA Today reports. Though the effects of the mortgage crisis have been felt nationwide, foreclosures have been from the start clustered in formerly booming areas in Florida, California, Nevada, Arizona, and around Washington DC. The 35 most-affected counties accounted for 1.5 million foreclosures last year—more than in the entire US in 2006.

But the foreclosure bust is actually even more centralized—USA Today identified eight counties that together were the source of one-fourth of 2008 foreclosures. “This crisis was triggered by foreclosures, and a lot of those were in a very small number of areas,” said a University of Virginia urban-studies professor.

This home in Levittown, NY, is facing foreclosure, according to the records of Nassau County.
This home in Levittown, NY, is facing foreclosure, according to the records of Nassau County.   (AP Photo)
A for-sale sign lies on the ground in front of a boarded-up, vacant home in North Las Vegas, Nev., Feb. 18, 2009.
A for-sale sign lies on the ground in front of a boarded-up, vacant home in North Las Vegas, Nev., Feb. 18, 2009.   (AP Photo)
A for sale sign stands outside a bank-owned home in North Las Vegas, Nev., Feb. 18, 2009.
A for sale sign stands outside a bank-owned home in North Las Vegas, Nev., Feb. 18, 2009.   (AP Photo)
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3 comments
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BackAgain
Mar 6, 09 2:22 PM CST
The many bail out the few. :( Reply
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muleskinner
Mar 7, 09 9:37 AM CST
yea, and guess whos state a lot of it took place in---the guy, (presidential candidate) and still is running, who dosent know much about economics Reply
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riffran
Mar 8, 09 5:25 AM CDT
*humming* "The eyes of Texas are upon you".....I would love to see an unbiased reason as to why those counties in particular.....and what would the unadulterated demographics be...such as political affiliation, race, gender, married un married ect.education level, divorced, kids no kids......with no spin, just the truth...i wonder if we would find a homogenous mixture or concentrations of one demographic or another....... Reply
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