peaceandlove
03-12-2009, 03:55 AM
Confined Crisis ~ Most foreclosures pack into a few counties
Excerpt:
A few of the 35 counties leading the foreclosure boom are in already-distressed areas around Detroit and Cleveland. But most are clustered in places such as Southern California, Las Vegas, Phoenix, South Florida and Washington, where home values shot up dramatically in the first half of the decade, then began to crumble.
Full article: http://www.usatoday.com/money/economy/housing/2009-03-05-foreclosure_N.htm
Excerpt:
A few of the 35 counties leading the foreclosure boom are in already-distressed areas around Detroit and Cleveland. But most are clustered in places such as Southern California, Las Vegas, Phoenix, South Florida and Washington, where home values shot up dramatically in the first half of the decade, then began to crumble.
Full article: http://www.usatoday.com/money/economy/housing/2009-03-05-foreclosure_N.htm