Monday, Jul 28, 2008
Foreclosures in the US continued to climb in the second quarter of 2008
wsws: US housing slump “without precedent”: foreclosures up 121 percent over 2007
Foreclosures in the US continued to climb in the second quarter of 2008, experts acknowledge that the current housing slump is “without precedent” in the modern era, and the resulting stress is taking both an economic and emotional toll: a 53-year-old Massachusetts woman committed suicide July 22 only hours before her family’s home was to be put up for auction.
In the three-month period April through June, some 740,000 foreclosure filings were recorded in the US, an increase of 14 percent over the first quarter and 121 percent over the same period in 2007. According to RealtyTrac, one in every 171 US households received a filing, which includes notices of default, auction sale notices and bank repossessions
Posted by malct @ 08:50 PM (149 views) Add Comment
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