Recent Development versus Foreclosures Comparison

Orange County Property Appraiser's Office

         

         

Various mapping techniques were used to depict the growth and foreclosure rate of properties in Orange County, Florida, from 2001 through June of 2009. The Orange County Property Appraiser’s Office compared growth to foreclosures over this period to determine the correlation between the two.

The foreclosure rate remained steady until 2004, reaching the lowest levels in 2005 and 2006. Property growth climbed, reaching a peak in 2005. By 2007, growth and foreclosures reverted to their 2001–2002 levels. In 2008 the impact of the housing collapse with foreclosures peaked and property growth declined. During the first six months of 2009, property growth continued its decline, with foreclosures still increasing. At this rate, 2009 would top 2008 in total number of foreclosures with growth practically stagnant.

Courtesy of Orange County, Florida, Property Appraiser’s Office.

Map Book Page [PDF]