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Showing posts with label Housing. Show all posts
Showing posts with label Housing. Show all posts

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