The Real Deal Miami

Online maps illustrate foreclosure trends

April 11, 2008 06:04PM

Two online mortgage maps revamped to better illustrate subprime loan conditions show an interesting trend in Florida real estate. Zooming into the Florida section of the map, which is mostly a dire deep red color representing high foreclosure rates, the north-central section of Florida shows relatively low rates of foreclosure compared to Miami, Ft. Lauderdale and West Palm Beach in the south. The maps, one released by the Federal Reserve and the other by real estate website HotPads.com, use foreclosure data from RealtyTrac.com to give a color-coded virtual picture of foreclosure rates across the United States by county and state.