Housing Crisis Numbers

Browsing through the Worcester Sunday Telegram I came across some interesting numbers on how the home foreclosure crisis is effecting Worcester County. Every week the paper lists all property transactions and from whom to whom. This is just a sampling of some of the real estate transactions in this little corner of Massachusetts so it had me wondering how bad things really are across the nation?

There was a total of 207 transactions and of those 84 were listed as a bank transfer. That works out to 40.57% of possible foreclosures for the entire county. Then I looked at the transactions by city and town and the probability of predatory lending sneaks out.

Fitchburg 5 transactions 4 for the banks or 80%
Gardner 3 transactions 3 for the banks or 100%
Grafton 4 transactions 2 for the banks or 50%
Marlboro 7 transactions 4 for the banks or 57.14%
Milford 8 transactions 4 for the banks or 50%
Oxford 4 transactions 2 for the banks or 50%
Ware 2 transactions 2 for the banks or 100%
Winch. 4 transactions 4 for the banks or 100%
Worcester 45 transactions 33 for the banks or 73.3%

Just some numbers to think about. Have a nice day…

Papamoka

Cross posted at Bring It On! and To the Center

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