Sunday, December 16, 2007
Foreclosures don't strike all equally
The basic trend isn't that shocking, but the numbers are (to me, anyway):
Nearly 60 percent of the 1,429 properties in [Santa Clara] county taken back by lenders from Jan. 1 to Nov. 15 were owned by people with Hispanic surnames...In San Jose, that figure was 69 percent.
Latinos comprise 26 percent of the county's population and 32 percent of the city's, according to census data.
The damage comes as foreclosures in the county through Nov. 15 have skyrocketed to five times the number for all of 2006.
