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Economy Watch - Foreclosures Trend Upward in Usual Places PDF Print E-mail
Monday, 19 October 2009 11:37
More than 925,000 U.S. homeowners received a foreclosure notice of some kind -- a default notice, scheduled auction or bank repossession -- during the third quarter of 2009, according to RealtyTrac, a figure that represents a 5 percent increase over the second quarter and a 23 percent increase over 3Q08. One in every 136 U.S. housing units received a foreclosure filing during the quarter, which was the highest quarterly foreclosure rate since the company began issuing its report in the first quarter of 2005 -- though admittedly, that was during the run up to the bubble peak.




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