"No experiment can be more interesting than that we are now trying, and which we trust will end in establishing the fact, that man may be governed by reason and truth. Our first object should therefore be, to leave open to him all the avenues to truth. The most effectual hitherto found, is the freedom of the press. It is, therefore, the first shut up by those who fear the investigation of their actions." --Thomas Jefferson to John Tyler, 1804.

Rolling in foreclosures

foreclosure map

foreclosure map/RealtyTrac

The real estate market has been taken its long-predicted (here, among other places) hit, and foreclosures are rising fast. You see the headlines all over; but how do various areas compare?

A national firm, RealtyTrac (which is in the business of sales of foreclosed and distressed property), has answers including a national by-county map visible here. The areas where foreclosure rates are lowest are some of the more rural and least growth-prone around the Northwest, notably much of eastern Oregon and central Idaho

Remarkably, the three Northwest states are bunched together among the nation’s 50: Idaho ranks 20th, Washington 21st, Oregon 22nd.

Could be, though, that the trend line may push them apart. The one-year increase rates in foreclosures were quite different: Oregon 12.2% higher, Washington 27.9%, and Idaho 140.5% (though there is a note that rate might be somewhat inflated because of measurement changes).

See also a Seattle Times piece on this, noting the state’s high increase was in Pierce County.

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