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More foreclosure numbers out
If the Fed goes for another rate cut and Washington finishes up the stimulus plan, some analysts say it could give the housing market a boost. As if we needed any more evidence of just how bad the housing picture is, new figures are out this morning. The number of U.S. homes that slipped into some stage of foreclosure in 2007 was almost 80 percent higher than the previous year. RealtyTrac says many homeowners started to fall behind on mortgage payments in the last three months. That means more foreclosures this year.
Posted on January 29, 2008 6:07 AM PT | Permalink
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