The map below shows change in foreclosure inventory from August 2008 to August 2012 by county nationwide layered over how each county voted in the 2008 presidential election. The voting data is represented by the color and shading of each county, while the foreclosure inventory data can be viewed for any county by hovering over that county on the map.
Please note that foreclosure inventory data is not available for all counties. This data is from RealtyTrac’s exclusive 2012 Election Local Housing Market Health Check report released today. Download the full report or view other housing market heat maps from the report.
The report, which analyzed five housing market data points in 919 counties nationwide, found that the change in foreclosure inventory (or shadowinventory) from four years ago was nearly split down the middle among the 919counties analyzed. A total of 438 counties (48 percent) experienced an increasein foreclosure inventory from a year ago, while a total of 476 counties (52percent) experienced a decrease in foreclosure inventory from four years ago.Foreclosure inventory was actually unchanged in five of the counties.
The split between counties with increasing foreclosure inventory and decreasing foreclosure inventory correlated strongly with whether the typically longer judicial foreclosure process or more streamlined non-judicial foreclosure process was used. Counties in states with the judicial process tended to post increasing foreclosure inventory while counties in states with the non-judicial process tended to post decreasing foreclosure inventory.
There were some notable exceptions to this pattern. Bucking the trend in judicial states were Broward County, Fla., (down 23 percent), along with the counties of Cuyahoga (down 44 percent) and Franklin (down 32 percent) in the swing state of Ohio.
Bucking the trend in non-judicial states were Gwinnett County, Ga., (up 24 percent), Hennepin County, Minn., (up 154 percent), and King County, Wash., (up 62 percent).