During the 2007-2010 economic recession, the United States has seen an unprecedented number of homes fall into foreclosure. According to the Mortgage Bankers Association, in 2006, the foreclosure rate was at .6 percent, and by the fourth quarter of 2009, the foreclosure rate was at 1.2 percent. There have been several million foreclosures in the United States since 2006, and by 2012, estimates predict 6.5 million foreclosures nationwide. The images below highlight some of the problems associated with increasing foreclosures, and the crash of the housing market in general. The images are quite telling of the drammatic problem many parts of the country are facing.
The second image shows a sparsely developed neighborhood in Charlotte County Florida
|Charlotte County Florida|
A neighborhood in Ft. Myers Florida showing a densely populated parcel next to an undeveloped planned parcel.
|Fort Myers Florida|
Image 4 shows a neighborhoods with made made canals and several undeveloped plots both along the canals and on the interior of the neighborhoods. Notice that the inner streets properties that do not border the man made canals are almost entirely undeveloped.
Image 5 shows a neighborhood that has gone undeveloped and that has fallen into disrepair.
|Badly Undeveloped Land in Collier County Florida|