Foreclosure Primer
State by State Foreclosure Stats
 Welcome to Foreclosure National Racetrack. With all the foreclosure activity lately, it's become a horse race as to which state will win. Check out the State Race below or view the City Race. You can even place a bet for your favorite horse. Scroll over the horses to see their respective race times (foreclosure ratios) for each state. Race guidelines..

Race Guidelines
In fairness to the smaller areas, the ratio of foreclosures to the total number of households as the best fairest and best way to measure performance. Ie. 1/40means 1 foreclosure for every 40 households.

 

State Foreclosure Race

(hover mouse over horses to see stats)

Race Announcer
(Listen to audio)
Expert Pics
Joe's Picks
Joe's Picks
I'm looking for California to begin to break out and surge. California prices have been unaffordable and unsustainable for several years. Until recently, increasing home values, enabled homeowners to obtain equity loans pulling cash out in order to maintain what would otherwise be an unaffordable lifestyle. The "ATM" machine is now closed due to falling home values. I expect this phenomenon for California to be a major factor in 2008 and beyond.

At the end of Q2 of 2008, here are my predictions:
  • Nevada
  • California
  • Florida
  • Ohio
  • Michigan
Bill's Picks
Bill's Picks
After a strong finish in 2007, I expect Nevada to maintain its lead over the other states in 2008. Nevada has a lot of excess inventory that will be slow to absorb. The pool of potential buyers that much of the new building was based on are comprised of speculators who have now left the market.

Here's how I see the race by end of Q2 2008.
  • Nevada
  • Florida
  • Michigan
  • California
  • Colorado
Home | Housing Research | Commentary & Analysis | Foreclosure Race | Home Value Fundamentals
Email articles to us | Contact Us | Privacy Policy | Terms of Use | US Housing Market News | Articles

© Copyright 2008. USHousingMeltdown.org. All Rights Reserved.