Indianapolis Foreclosure Statistics 2003 - 2009
Recently, I was asked to provide some data about the state of foreclosures in Indianapolis and how it is affecting the economy. It was an eye-opening excercise, but certainly not surprising.
While the data reveals the state of foreclosures in Indianapolis (Marion County), the depth of what the statistics doesn’t reveal is mind boggling. The far reaching effect of foreclosures in many areas of Marion County will probably not be known for several years.
I certainly have opinions about how we reached this point, which I’ll write about next; first I’ll show you the statistics.
*2009 data through 6/30/2009 *YonY = year on year % increase
Although I’m not a big gambler, I’m willing to bet the % of foreclosures in Indianapolis was less than 2003 or close to the same percentage. Back then we ranked in the top 10 states for % of foreclosures, often in the top three.
Right now, we rank #13. Staggering………….