Foreclosure Monitor: Foreclosures rippling into new neighborhoods (MHP) - July 30, 2010

BOSTON, July 29, 2010 --- If you're a regular reader of Foreclosure Monitor, you know that every quarter, we crunch foreclosure data by community, zip code and census tract.

This can help tell us where the problem is moving, what neighborhoods are stabilizing and where support may be needed. Read our latest full report and see our top 20 charts on which neighborhoods are rebounding and which areas are having increases in foreclosures.

If you don't have time now, here are the headlines:

• This quarter's analysis of zip codes shows that the problem may be slowing in the hard-hit areas of Lawrence, Boston and other cities, but has rippled into adjoining neighborhoods.
• There are continued signs that the foreclosure problem is on the increase in Worcester County.
• The problem continues to shift away from multi-family homes into single-family homes.
• Foreclosure Monitor is an ongoing effort by MHP to give policy leaders and local officials the latest data on how foreclosures and distressed properties are impacting communities and the Commonwealth of Massachusetts.

Foreclosure Monitor is able to provide this information through the CHAPA/Warren Group distressed property database, with support from the state Department of Housing and Community Development (DHCD). For updated information, check Foreclosure Monitor out regularly at www.mhp.net/foreclosuremonitor.