87% of all Foreclosures are in AZ, CA, FL & NV; Otherwise we’re in Pretty Good Shape

William Lucy and Jeffery Herlitz of the University of Virginia have conducted research that concludes that housing in the United States is “mostly stable”.

 

They claim that traditional indicators paint too grim a picture because they overweight particularly depressed areas that have their own particular set of problems.

 

Lucy and Herlitz have produced a valuable and interesting paper.  I did not realize, for instance, that 87+% of all foreclosures are concentrated in AZ, CA, FL and NV. (That leaves only 23% for the rest of us.)

 

The UVA school newspaper did a story on their findings.

 

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