EconoMonitor

Foreclosures Are Highly Regional

I showed the Realty Trac chart last week showing foreclosure action by state — but the following chart really shows how highly regional foreclosure activity is:Three states accounted for half of the country’s foreclosure-related activity;  The top 10 states accounted for 75%.

foreclosures-by-state-bar-graph-june-2009.jpg

via The Mortgage Reports


Originally published at The Big Picture and reproduced here with the author’s permission.

2 Responses to “Foreclosures Are Highly Regional”

GuestJuly 24th, 2009 at 2:07 am

Sell all the failure states to the PRC for $3trillion, take a “note” for the last trillion they don’t have in US currency. Heck, those states don’t even add up to 40% of our population, who cares? I live in NYC near GS -THEY WILL NEVER PLUNDER NYC!!!(Just destroy the 98% of the population which is not in their service)Don’t any Americans realize that our sad system of government can NOT fight massive internal conspiracy of this nature? Obama shares many characteristics of our former President Carter(I believe) ostensibly an inept Do-Gooder. Except, I don’t think Jimmy was bought and paid for by the enemies of our country, the banksters.I hope we don’t shut Guantanamo permanently. Instead of Ski vacations we can send some Vampires for “Surfing Instruction”!

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Thomas Grennes is a professor of economics at the North Carolina State University and a former visiting faculty member at the Stockholm School of Economics in Riga. His research has dealt with various aspects of international economics, including open economy macroeconomics, international finance, and international trade in agricultural products. Recent research topics have included macroeconomic aspects of the Great Moderation, offshore outsourcing, sovereign wealth funds, and the relationship between government debt and economic growth. Earlier work dealt with emerging market issues in the Baltic countries and Russia and trade and macro policies in Sub-Saharan Africa. Economic history topics include the Columbian Exchange of plants and animals, the effects on food markets of introducing mechanical refrigeration, and the integration of Tsarist Russia into the world grain market. When he is not involved in economics, he enjoys mountain hiking.

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