L occasionally sends me something from IMAPP, a program available through ARMLS. [Arizona Regional Multiple Listing Service] Using IMAPP, you can look up a property and see a map showing listings and foreclosures in an area.  Listings are shown with green signs, foreclosures are represented by gavels.  Foreclosures can be at any stage from having received a "Notice of Trustee’s Sale" to being a REO.  When L sent me this one from El Mirage, [a Phoenix suburb] it really caught my attention:

Does this look like a preview of Housing Armageddon, or is it just me?