Friday, July 30, 2010

Foreclosure activity up across most US metro areas

Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows. The trend is the latest sign that the nation's foreclosure crisis is worsening as homeowners battling high unemployment, slow job growth and an uneven rebound in home prices continue to fall behind on their mortgage payments.
As I've said since the beginning of 2007 call me in 2013 and we'll talk about the bottom of the U.S. real estate market.

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