Thursday, Aug 14, 2008
Where is this all going to end?
BBC: US home foreclosures increase 55%
More than 272,000 people in the US received a foreclosure notice in July, a rise of 55% on a year earlier, according to analysts Realtytrac.
Florida and California had the highest rate of foreclosures, figures showed.
In a further indication of the severe problems affecting the US housing market, more than 77,000 homes were repossessed in July.
As a result of this increase, 17% of all homes for sale in the US are repossessed properties.
Posted by stevie dee @ 09:31 AM (200 views) Add Comment
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