U.S. Foreclosure Index: U.S. Foreclosures About 1 Million in 2008; Fourth Quarter Shows Decline Over Third-Quarter Peak – Yahoo! Finance

According to a ForeclosureS.com report, just under 1 million homes went into foreclosure in 2008. That is up nearly 66 percent from the 600,000 foreclosures in 2007 that had us worried then.

So here is the question, if we saw such a large bump in foreclosures in 2008, what is going to happen in 2009?

Do you expect foreclosures to increase at the same rate, stabilize, or drop down closer to 2007 levels?

US Foreclosure Index By Region For 2008

Region                 Filings         Per Household   

Midwest                 195,057                 1.24%
Southeast               253,126                 1.49%
Northeast               41,250                  0.25%
Southwest               501,641                 1.99%
Other States            1,496                   0.27%
Nationwide              992,570                 1.34% 

* Percentage of every 1,000 households in state 

by ForeclosureS.com via Yahoo! Finance.




Related posts:
  1. Top 10 Worst Foreclosure Cities For 2008
  2. Top 10 States By Foreclosure Filings in 2008
  3. Top 10 Worst States For Foreclosures in November, 2008
  4. Case Shiller December 2008 Report Shows Consistent Declines
  5. Top 10 States For Foreclosures in January 2009

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