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Foreclosed

WNC Foreclosure Report Between 2002 and 2012, home and business foreclosures in Western North Carolina increased by 89.4 percent -- a rate more than 30 percent higher than the statewide increase of 53.8 percent for the same time period. Based on percent increase, Swain and Jackson counties were hardest hit, as foreclosures nearly quadrupled during those ten years. Yancey County fared the best among the 18 westernmost counties, with a 24 percent rate of increase. Foreclosure Increases Percent change between 2002 - 2012 Watauga Mitchell Avery Madison Yancey 1350% - 400% Increase 200% - 250% Increase 100% - 200% Increase McDowell Buncombe Haywood Rutherford 50% - 99% Increase Graham Henderson Polk Jackson fansylvania 20% - 49% Increase Macon Cherokee WNC Foreclosures Over Time 6,000 5,000 4,000 Foreclosures 3,000 peaked in 2010 for most WNC 2,000 counties 1,000 1998 2000 2002 2004 2006 2008 2010 2012 Percent increase and number of foreclosures by county Swain Population 14,494 Jackson Population 40,788 390.9% 373.9% 80 500 60 300 40 20 100 1998 2012 1998 2012 Clay Population 10,520 Cherokee Population 27,030 225.0% 213.0% 150 350 250 90 150 30 50 1998 2012 1998 2012 Watauga Population 52,517 Macon Population 33,985 198.9% 187.1% 400 300 300 200 200 100 100 1998 2012 1998 2012 Graham Population 8,850 Polk Population 20,262 127.3% 123.8% 40 120 30 80 20 40 10 1998 2012 1998 2012 Madison Population 21,192 Henderson Population 108,183 113.6% 106.9% 200 800 150 600 100 400 50 200 1998 2012 1998 2012 Avery Population 17,764 Mitchell Population 15,396 96.4% 74.3% 250 80 60 150 40 20 50 1998 2012 1998 2012 Buncombe Population 245,535 Haywood Population 59,291 58.2% 56.5% 1,500 500 1,200 400 900 300 600 200 300 100 1998 2012 1998 2012 Transylvania Population 33,022 McDowell Population 45,288 54.5% 46.7% 200 200 150 150 100 100 50 50 1998 2012 1998 2012 Rutherford Population 67,932 Yancey Population 17,874 35.3% 23.8% 600 100 400 60 200 20 1998 2012 1998 2012 CAROLINA PUBLIC PRESS IN-DEPTH, INVESTIGATIVE, INDEPENDENT REPORTING wwW.CAROLINAPUBLICPRESS.COM Reporter: Steph Guinan Data Sources: N.C. Court System, N.C. Office of State Budget and Management Image Source: WikiCommons

Foreclosed

shared by flapjackmedia on Jun 13
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Between 1998 and 2012, home and business foreclosures in Western North Carolina increased by 89.4 percent — a rate more than 30 percent higher than the statewide increase of 53.8 percent for the sam...

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