Thursday, July 16, 2009

Green shoots? Yea right…It ain’t over, till it’s over…

Foreclosure Filings in U.S. Reach Record 1.5 Million (Update1)

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.

Posted by hotfoot @ 06:22 PM (763 views)
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