U.S. Foreclosure Index: U.S. Foreclosures About 1 Million in 2008; Fourth Quarter Shows Decline Over Third-Quarter Peak – Yahoo! Finance
January 15th, 2009 • Related • Filed Under
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.
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