Monday, November 1, 2010

Disastrous number of foreclosures that may occur over the coming years.

Home prices expected to slide another 8%

Nearly a million homes are expected to be repossessed this year, and analysts seem to be competing to issue the most dire forecast for future foreclosure numbers. Morgan Stanley reported that about 3.1 million borrowers are seriously delinquent with many expected to lose their homes. Zandi said more than 4 million are in trouble with half of those expected to go to foreclosure. And Laurie Goodman, of Amherst Securities, estimates the number of homes in danger of foreclosure at a whopping 11 million.

Posted by mark @ 11:01 AM (931 views)
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One thought on “Disastrous number of foreclosures that may occur over the coming years.

  • I said this last week.

    Next big US bail out first, so watch this space.

    People should really be putting their feet down on this one.

    Barry Obama has been found out by now, surely?

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