Economic Report: Real Estate Shocker - Foreclosures Up By 94 Percent - 11/30/07
Submitted by Doug Cunningham on November 29, 2007 - 4:59pm
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By Jesse Russell
The real estate market said “ouch” on Thursday when new data was released showing a staggering 94 percent increase in foreclosures over the same time in 2006. According to RealtyTrac, that amounts to one filing per every 555 U.S. households. Nevada was hit the hardest with one filing for every 154 households. California was second followed by Florida.
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