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Mapping Foreclosures in Massachusetts

By Doug Cornelius

The Boston Federal Reserve Bank has put together a great interactive map showing two decades of foreclosure activity in Massachusetts: Foreclosure Rates in Massachusetts Cities and Towns 1990-2007.There is a lot of red, showing lots of foreclosures in 2007But there was a lot more red in 1992This graphic was developed in conjunction with a paper by Kristopher Gerardi, Adam Shapiro, and Paul S. Willen, "Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures," which presents the first rigorous assessment of the homeownership experience of subprime borrowers, using data on subprime mortgages, foreclosures, and house prices from 1989 to 2007 in Massachusetts cities and towns. "Subprime Facts: What (We Think) We Know about the Subprime Crisis and What We Don't," by Christopher L...continue to full post

Full post as published by Real Estate Space on June 03, 2008 (boomark / email).