Thursday, March 12, 2009
Foreclosures
The US Market really is feeling the recession kick in now with foreclosures growing every day:
* Foreclosure filings are up 6% in February 2009 on January 2009
* Due to the grace period Obama introduced to hold foreclosures for 90 days there was a 10% decline in filings in January 09
* Foreclosure filings are up 30% from a year ago
* One in every 440 households with mortgages drew a filing last month
* 291,000 properties in US got a foreclosure notice in February 2009
* One in every 54 households with a mortgage got at least one filing notice in 2008
* House prices are down 26% since their peak 3 years ago i 2006
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