by Calculated Risk on 7/30/2008 03:28:00 PM

Mathew Padilla at the O.C. Register directs us to three foreclosure maps:

Notices of default by ZIP

Foreclosure density

Foreclosure percentage gains by ZIP

Click on graph for larger image in new window.

I've taken a portion of the current foreclosure map and animated it with the rate of increasing foreclosures. (click on map for animation)

This shows that foreclosures are spreading to the higher end areas of Orange County.

Although the high end areas will never have the elevated foreclosure rates we are seeing in the low end areas, it makes sense that the foreclosure crisis would spread. When I talked about this at the Inman Real Estate conference last week - and suggested agents should expect increasing foreclosures in high end areas - my comments were greeted with incredulity.

I wish I had this map with me.

On that topic, here is a repeat of a cartoon from Eric G. Lewis:



Eric G. Lewis is a freelance cartoonist living in Orange County, CA (used with permission).

Eric drew this cartoon in 2007, when many people in south Orange County, CA were stunned that prices could fall in their areas.