Foreclosures More Common in 2009
July 15, 2009 by Stephen Kersey
Filed under Business News
As expected, foreclosures in the United States are up so far in 2009. According to a report by RealtyTrac, the first half of 2009 saw a 15% rise of United States households that are on the brink of losing their house to foreclosure.
The jump in foreclosures and near-foreclosures is tied to the economy and the rising unemployment rate. The unemployment rate is especially damaging since it’s difficult to get another job in a timely manner due to companies cutting jobs across the board. As a result, many families have lost their homes prior to being able to find another job.
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More bad news: Foreclosure activity up again
RealtyTrac, an online provider of foreclosure information, reported that foreclosure activity rose once again in August. This time, activity rose by 12 percent.
Foreclosures up again
According to RealtyTrac, a national provider of foreclosed properties, one in every 171 households received a foreclosure notice in the second quarter of this year. That’s an increase of 121 percent compared to the same quarter one year earlier.
Foreclosure numbers rise again
How common are housing foreclosures becoming? According to RealtyTrac, an online publisher of foreclosure data, one in every 194 U.S. households received a foreclosure filing during the first quarter of the year.
Foreclosures soar in Detroit
The number of foreclosures is rising across the country. But few regions have seen as much foreclosure activity as has Detroit.
Foreclosures dip in November
Is it real or a mirage? That’s what mortgage and real estate pros are asking themselves following the news that the number of foreclosures actually dropped in November.
The foreclosure rates keep rising
Foreclosures continue to rise across the country. That’s the latest bit of bad news released by Irvine, Calif.-based RealtyTrac, an online source of foreclosure listings. The company has been making headlines regularly ever since the subprime mortgage crisis has helped boost the number of residential foreclosures. its most recent press release was guaranteed to do the same.





