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Deckard

U.s. Foreclosure Filings Hit Record 1.5 Million In First Half

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http://www.bloomberg.com/apps/news?pid=206...id=aHAbmgVoHjA4

July 16 (Bloomberg) -- U.S. foreclosure filings hit a record in the first half, a sign that job losses and falling property prices deepened the housing recession, according to RealtyTrac Inc.

More than 1.5 million properties received a default or auction notice or were seized by banks in the six months through June, the Irvine, California-based seller of default data said today in a statement. That’s a 15 percent increase from the year earlier. One in 84 U.S. households received a filing.

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how many CDOs are affected....probably none at all, values remain as they were according to model.

and Fannie Mae....is it still booking billions of losses? doubt it.

The USA....a giant carpet with a large bump under it.....the Rockies maybe?

Edited by Bloo Loo

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How many to be demolished to keep prices up?

If only we could move all those US new builds over to the UK, eh?

Shut up the "housing shortage" theorists once and for all ;)

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http://www.dqnews.com/Articles/2009/News/C...RSCA090715.aspx

Southland (Southern California) home sales highest since late ’06; median price up again

July 15, 2009

..../

Last month’s median was the highest since it was $278,000 last December, but it stood 47.5 percent below the peak $505,000 median reached in spring and summer of 2007.

They will bottom out at aropund 60% down.

As CA goes, so will the UK go:

http://www.housepricecrash.co.uk/forum/ind...ost&id=4113

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http://www.dqnews.com/Articles/2009/News/C...RSCA090715.aspx

Southland (Southern California) home sales highest since late ’06; median price up again

July 15, 2009

..../

Last month’s median was the highest since it was $278,000 last December, but it stood 47.5 percent below the peak $505,000 median reached in spring and summer of 2007.

They will bottom out at aropund 60% down.

As CA goes, so will the UK go:

http://www.housepricecrash.co.uk/forum/ind...ost&id=4113

That is a shocking graph.

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That is a shocking graph.

yep, talk about evil twins... :ph34r:

RB, surely you have enough data to extend the graph beyond 2004 ?

It would be interesting to compare the momentum of the falls from the top.

Edited by VoteWithYourFeet

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yep, talk about evil twins... :ph34r:

RB, surely you have enough data to extend the graph beyond 2004 ?

It would be interesting to compare the momentum of the falls from the top.

The HPCer who did this graph made him/herself known about a year ago but I no longer remeber their ID. If the person who did it could update it would be helpful.

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