I almost fell off my desk chair when I saw the rate for the National Home Foreclosures for 2010 shown on Google Maps.
The devastation of the housing market is far worse than an earthquake or a hurricane.
The rate for US home foreclosures for 2010 was 1 in 46. In 2008, according to RealtyTrac, the foreclosure rate was 1 in 464 US households.
Look at the detailed map of Tampa , FL, one of the top five states in the Foreclosure Doom, with 1 in 20 homes in foreclosure. Each red dot is a home in foreclosure.
Frightening!
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