5 Comments

5 Comments

• odograph says:

  July 30, 2008 at 11:48 am

  “By Zip” shows Newport Coast as a high foreclosure area … but is that only because the area was recently built? I thought we were told the higher end was holding up.

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• RealtorDaveE says:

  July 30, 2008 at 12:41 pm

  odograph,

  It’s informative to compare the “by zip” map with the “density” map. Turns out the “by zip” map is mapping the rate of increase, while “density” is also by zip, but indicates comparative density of foreclosures.

  So, although Newport Coast had a whopping percentage increase in the “by zip” map, it still has the lowest “foreclosure density” on the chart. My guess would be that Newport Coast had 0 foreclosures in the second quarter of ‘07, and 1 this year.

  BTW, interesting rotating display ad placement on those maps. “Foreclosure pile-up” had a solicitation to refinance from Lending Tree. And “Foreclosure threat spreads” had a photo of an attractive young lady inviting me to “Meet Black Singles Near You.”

  Guess the message is to refinance out some cash & go have fun? Wonder how that’s working out for the folks who tried it a couple years ago?

  I’ll bet the answer’s in Mat’s new book.

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• odograph says:

  July 30, 2008 at 3:54 pm

  Thanks Dave, I should have looked at all the maps before commentating.

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• TSP says:

  July 31, 2008 at 9:54 am

  I agree Realtor Dave, but look at the inventory on the coast, the prices and then the sales over the past 6 mos. - the wave is just working its way to the coast, it will take some time. Of particular note are the new-builds at the very top.

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