Monday, Apr 28, 2008
Stark rise in repossessions forecast
Mortgagestrategy: Repossessions set to soar by a quarter
Home repossessions are set to climb by nearly a quarter this year, a report from the Centre for Economics and Business Research warns.
The quarterly report, released yesterday under the title Consumer and Housing Prospects, predicts more than 33,000 home owners stand to lose their home in this year alone. The figures represent a stark increase when comparing them with past data. CEBR’s predictions are up 23% compared to the repossession figures from last year, and are a massive 300% increase from 2004.
Posted by jack c @ 01:02 PM (266 views) Add Comment
1 Comment
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1. taffee said...
wish they would stop saying repos are less than early 90's...of course they are,that was 3 years into the slump.
whats the comparison to 1988/1989...I would be its more.