While most agents on the ground experienced the recent rise and fall of the American housing market and know first hand how many changes have taken place in this last decade, it can be easy to take them for granted. On the other hand, many of our readers are newer agents and watched the drama unfold as homeowners rather than industry practitioners.
Through the story of Lot 354, the meltdown of the housing sector can be seen in snapshot form as the purchase, foreclosure, sale, exotic loan and ultimately the new owners in 2010. Check out the interactive infographic after the Lot 354 documentary below to see how the industry is faring now. The film below is roughly 30 minutes, bookmark this article and come back to watch while you’re eating lunch.
Click the image below to launch the interactive infographic about the plight of Lot 354 and the players involved in where it is today:
Coleen DeGroff
January 17, 2011 at 12:55 pm
Definitely coming back to this to watch later. Thanks!
Agent for Movoto
January 17, 2011 at 2:07 pm
I’ve heard about this, but haven’t watched yet. Definitely curious – thanks for posting!
Marty Hunt
January 18, 2011 at 8:53 am
Like a trip down memory lane watching that video. Very well done and a great history lesson about what happened and why. Of course it’s sad that most of us (anyone in Florida, for sure) can find a “Lot 354” story just like this or much worse on almost every street in our market! Really enjoyed the video but have sort of an empty feeling about how this possibly happened! Even if you “understand” what happened and how it happened there’s no way to feel good about this boom and bust and what it has done to so many families and to rock the economy of this great country. And it’s not over yet!
Lani Rosales
January 18, 2011 at 1:25 pm
Marty, you’re right that it’s not over- it’s heartbreaking. There are so many lessons to be learned on all levels, but ultimately, I DO see a light at the end of the tunnel (whereas last year, I didn’t so much).