DC Real Estate Dead and Getting Deader
MSA | Filings | filing/HH | Properties with Filings | % Change Q3 2006
DC | 9,099 | 1/182 | 6,672 | 491.5
Wish we had tables. In case that's just a mess, here's what it says (from RealtyTrac). For the metro DC area, Q3, 2007, foreclosure form filing activity was up 491.5% from Q3, 2006. There was a filing for every 182 households. That's nowhere near as bad as, say, Stockton, Calif., with 1 filing per 33 households, but it ain't good.
With prices tanking and ARMs resetting up the wazoo (no easy refis, so sorry), things are gonna get deader.