Default Fault Lines: Where the Trouble Is
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We told you Friday about the sections of LA County where the default/foreclosure crisis is most acute (six of the ten zip codes with the highest numbers of default notices are in Palmdale or Lancaster). Now a second look at the same numbers: this time, those areas where the default/foreclosure numbers are growing the fastest. If you care about the methodology, it’s below the rankings.
% Increase Area (zip code) 06 Defaults-07 Defaults
1) 900% Long Beach (90803) 2-20
2) 733% Torrance (90503) 3-25
3) 450% Hawaiian Gardens (90716) 4-22
4) 440% Artesia (90701) 5-27
5) 425% Stevenson Ranch (91381) 8-42
5) 425% LA/Mar Vista (90066) 4-21
7) 333% Downey (90241) 9-39
8) 329% North Hollywood (91602) 7-30
9) 314% La Crescenta (91214) 7-29
10) 287% Diamond Bar (91765) 16-62
Source: La Land analysis of DataQuick statistics
Comparing Notices of Default issued in 1Q 07 to 1Q 06, I took the highest percentage increases, provided there were at least 20 notices of default in 1Q 07.
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