Foreclosures up 90%


	Foreclosures up 90%

muckdog

6-13-2007 12:19 AM

604 views

tags:

real estate, economy

muckdog says:

Those looking for a bottom in the housing market take note: The number of foreclosures has increased dramatically since 2006. One of the signs of a bottom in the housing market will be increasing foreclosures as those in over their heads bail out. Are we at or near the bottom? Real estate sentiment is also very low right now. But housing cycles tend to last a bit longer than the 2 years since the real estate peak. Stay tuned...

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from June 13, 2007

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/713efa0f-1404-44c1-84c4-45ed625f05b7/5A9A64D4-69BA-489D-918B-51B7AB4AEEDA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&sid=av3bqU7edFDs&refer=home" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=av3bqU7edFDs&refer=home" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=av3bqU7edFDs&refer=home"><P>      June 12 (Bloomberg) -- U.S. foreclosure filings surged 90
percent in May from a year earlier as more homeowners fell behind
on their monthly mortgage payments, RealtyTrac Inc. said.          </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=av3bqU7edFDs&refer=home"><P> ``Such strong activity in the midst of the typical spring
buying season could foreshadow even higher foreclosure levels later
in the year,'' Saccacio said in the report. That will add ``to the
downward pressure on home prices in many areas.''          </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=av3bqU7edFDs&refer=home"><P> Ranked by the number of foreclosure filings, California topped
the list, with 39,659 in May, and Florida was No. 2, with 21,704.
Ohio was No. 3 for the third consecutive month. It had 13,214
filings, said the report. Rather than count the number of unique
households in foreclosure, the study counts the number of
foreclosure-related legal filings, which could result in some
properties being double- or triple-counted.          </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5A9A64D4-69BA-489D-918B-51B7AB4AEEDA/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips