Comments on: Maps Track Markets’ Foreclosure Risk

By: Oregon mortgage delinquency rates | RE Conversation

Oregon mortgage delinquency rates | RE Conversation — Thu, 10 Apr 2008 17:35:30 +0000

[...] Wall Street Journal published an interactive map today that dovetails nicely with the map linked to by Ron Ares a couple days ago on foreclosure risks. It details by state delinquency (30-120 days past due) [...]

By: CRB

CRB — Thu, 10 Apr 2008 16:28:13 +0000

Paul,

You can download the data set in Excel format at the county level and play with the data yourself if you like. Just click on the “for supporting data:” link.

By: Ron

Ron — Wed, 09 Apr 2008 20:21:14 +0000

Paul,

You’re right…the number published in the right-hand table are state-level. You have to rely on the ‘heat-map’ colors in the detail maps to draw quick conclusions at the zipcode level.

By: Paul

Paul — Wed, 09 Apr 2008 18:44:35 +0000

I’ve been playing with this map application and it seems the numbers are only reported at a state level, though the color coding changes. I downloaded the excel sheet they have which drills down to the county level. That provides much more information.

By: Ron

Ron — Wed, 09 Apr 2008 01:24:57 +0000

UG -

Definitely will be keeping an eye on it.

BTW – The title companies are all sponsoring “Short Sale” educational seminars for agents–several per month.

By: Uncle_Git

Uncle_Git — Tue, 08 Apr 2008 17:02:43 +0000

Also up until last month everyone here was above water and thus able to refinance their way out of trouble.

If the mortgage was adjusting and you couldn’t afford it – just roll it into another “affordability” (read : Suicide) product.

Now that property prices are dipping and the banks are pulling in their lending horns I’d expect to see our foreclosure rates escalate.

It takes quite a while from the date an owner quits paying through NOD to NOT and onto the court steps – so there will be a lag in the homedebtor feeling the pain and any indication from stats this is happening.

By: CRB

CRB — Tue, 08 Apr 2008 15:42:41 +0000

Thanks for posting this. This is a very cool resource.

By: foreclosurefish

foreclosurefish — Mon, 07 Apr 2008 22:24:26 +0000

Interesting map. I just wonder why they haven’t added in non-owner occupied properties. Unfortunately, without those, the larger picture of the foreclosure mess is a little distorted.

Some suburbs were basically built to attract that kind of mortgage. Maybe they’ll get the data in there eventually, though. Hopefully it will be in time for it still to be useful.

Anyway, thanks for the map. I wasn’t aware of the Fed putting out this information in an easy-to-use form. It gives a decent indication of where things may be headed in the near future.