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"The Tri-state Area — New York, New Jersey and Connecticut — weren't hit nearly as hard by the housing crisis as the sunbelt states.
But for illustrating how that crisis evolved over time, they make a pretty good test case.
The New York Federal Reserve just released a really cool widget that chronicles the spike in the foreclosure rate in Tri-state counties from 2007 through 2011.
What's most scary about these maps is that for many counties, the foreclosure rate has actually gone back up after coming down for a period — most likely as a result of the stalled "foreclosure pipeline."
Bottom line: We still have a long way to go before the area's housing market fully recovers..."
at http://www.businessinsider.com/presenting-a-blood-hued-history-of-the-east-coasts-mortgage-meltdown-2012-3#ixzz1qLubynJL
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