Tuesday, Aug 19, 2008
Now This Is What I Call a Property Crash!
World Socialist Web Site: Bank seizures of US homes reach record high
Staggering figures for how bad it's currently in the US, and how much worse it's going to get:
Bank repossessions grew significantly as a percentage of all foreclosure activity, “posting a 184 percent year-over-year increase."
Some 6.5 million US properties are set to fall into foreclosure by the end of 2012....
Home values in Sacramento, the state’s capital, fell by 36 %in the past year, Riverside/San Bernadino fell by 32.7 %, Los Angeles fell 30 %.
Posted by layers @ 11:57 AM (447 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mark wadsworth said...
Woo hoo! Don't forget, in percentage terms, our price rises were twice as high as in the USA.
2. layers said...
So JU's predictions of 60% falls (at least I think that's what he predicted) for the UK look reasonable. Question is wether we'll see it way before 2012!