I have regularly been informed that the Bay Area is immune to a mortgage meltdown and the housing prices are still humming along. The statistics and information appear to demonstrate a different story.
"Of the Bay Area's 236 ZIP codes, 25 are foreclosure hot spots - places where more than eight of every 1,000 homes were repossessed by lenders this year."
MORTGAGE MELTDOWN
NEIGHBORHOODS CRUMBLE IN WAVE OF FORECLOSURES
LOCAL TROUBLE ZONES: Epidemic repossessions hit several ZIP codes
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2007/10/14/MNVPSEMVQ.DTL
Tuesday, October 16, 2007
It's time to play Bay Area Mortgage Meltdown
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