Although there are some signs that the economy is on its way to recovery, the foreclosure rate is not one of them. The most recent data from RealtyTrac show that rates are at an all time high. In the third quarter of 2009, one in every 136 homes in the U.S. were foreclosed on. This is the highest quarterly rate since the housing crisis began. The third quarter rates increased five percent from the previous quarter and almost 23 percent from Q3 2008. It has been speculated that instead of forclosures resulting from bad loans, these new foreclosures are due to increasing unemployment and are a result of a bad economy.
Because many datasets in Finder! are regularly updated, it is easy to access the most current data as well as historic datasets for analysis or to make maps using Maker!. I thought I would use some of the updated and historic datasets on foreclosures to get a better picture of the foreclosure situation.
After searching for the most recent dataset for foreclosures as well as datasets from past months, I have created some maps to demonstrate how foreclosures have shifted geographically. The following set of maps shows the foreclosure rates overtime starting in February 2008. Note that each map is drawn to a different scale so that comparisons between states for each month are emphasized. Foreclosure Rates represent the number of foreclosures filed for every X housing units.
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4 Responses to Dataset of the Day: Foreclosures on the Rise
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This is an interesting presentation. The hard thing fro me is to figure out which states are increasing and which are decreasing. It would be nice to have a color scale of pink if it the rate is increasing within its previous color and light blue if decreasing within its previous color and Red if it is increasing from one color group to another and Blue if it is decreasing from one color group to another.
Then we can visually track as the foreclosures change from one group to another.
Thats a great idea. All of the foreclosure datasets contain change from the previous month and the same month the previous year so that could be displayed using one of the color ramps that have two colors and then manually adjust the scale so as to show all the negatives in one color and the positives in the other. Feel free to play around with that in Maker. Thanks for the suggestion.
[...] few weeks ago I did a blog on the country’s foreclosure rates. For that blog I made maps that showed those rates at the [...]
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