Mapping Foreclosures in Massachusetts

The Boston Federal Reserve Bank has put together a great interactive map showing two decades of foreclosure activity in Massachusetts: Foreclosure Rates in Massachusetts Cities and Towns 1990-2007.

There is a lot of red, showing lots of foreclosures in 2007

But there was a lot more red in 1992

This graphic was developed in conjunction with a paper by Kristopher Gerardi, Adam Shapiro, and Paul S. Willen, “Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures,” which presents the first rigorous assessment of the homeownership experience of subprime borrowers, using data on subprime mortgages, foreclosures, and house prices from 1989 to 2007 in Massachusetts cities and towns.

“Subprime Facts: What (We Think) We Know about the Subprime Crisis and What We Don’t,” by Christopher L. Foote, Lorenz Goette, Paul S. Willen, and Kristopher Gerardi.

Dynamic Maps of Nonprime Mortgage Conditions in the United States (Federal Reserve Bank of New York).

Thanks to Boston.com’s Real Estate Now for pointing out this map:
Mapping foreclosures
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