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US foreclosure filings surge 48 percent in May
Friday June 13, 5:07 am ET By Alan Zibel, AP Business Writer
Housing crisis worsens as number of US homes facing foreclosure in May up 48 percent
WASHINGTON (AP) -- The number of U.S. homeowners swept up in the housing crisis rose further last month, with foreclosure filings up nearly 50 percent compared with a year earlier, a foreclosure listing company said Friday.
Nationwide, 261,255 homes received at least one foreclosure-related filing in May, up 48 percent from 176,137 in the same month last year and up 7 percent from April, RealtyTrac Inc. said.
One in every 483 U.S. households received a foreclosure filing in May, the highest number since RealtyTrac started the report in 2005 and the second-straight monthly record.
Foreclosure filings increased from a year earlier in all but 10 states. Nevada, California, Arizona, Florida and Michigan had the highest statewide foreclosure rates.
Metropolitan areas in California and Florida accounted for nine of the top 10 areas with the highest rate of foreclosure. That list was led by Stockton, Calif. and the Cape Coral-Fort Myers area in Florida. |
Business / World Business
Housing Woes in U.S. Spread Around Globe
By MARK LANDLER - Published: April 14, 2008
From Ireland to India, housing markets that soared over the last decade are falling back to earth. |
House prices set to fall by 7% in next two years as credit squeeze bites
Goldman Sachs said it expected house prices to fall by 5 per cent this year and a further 2 per cent in 2009. The bank had originally predicted a decline of 3 per cent in 2008 and no further change the year after, but became more pessimistic after economic warning signs. |
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Le site ImmoFrance.com a été créé en 1997, afin de permettre à des particuliers et à des agences immobilières de placer facilement des annonces de biens immobilier à vendre sur Internet. A cette époque, les visiteurs français étant encore rares, nous avons décidé d'ajouter à la version française une version anglaise Green-Acres.com afin de donner une forte audience aux annonces publiées. |
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Business Drop Foreseen in Median Price of U.S. Homes By DAVID LEONHARDT and VIKAS BAJAJ - Published: August 26, 2007 - Many government officials and housing-industry executives had said that a nationwide decline would never happen. |
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Home Foreclosures Hit Record High
Thursday March 6, 2:43 pm ET - By Jeannine Aversa, AP Economics Writer
Industry Group Says Home Foreclosures at Record High Last Quarter
WASHINGTON (AP) -- Home foreclosures soared to an all-time high in the final three months of 2007 and probably will keep rising, evidence of homeowners' suffering and the economic danger from the meltdown.
The Mortgage Bankers Association said Thursday the proportion of all mortgages that slipped into foreclosure set a record, 0.83 percent, from October through December. The previous high, 0.78 percent, came in the July-through-September period. Homeowners with tarnished credit who have subprime adjustable-rate loans took the hardest hits. Foreclosures and late payments for these borrowers swelled to all-time highs, too, in the fourth quarter.
The portion of subprime adjustable-rate mortgages that entered the foreclosure process set a record, 5.29 percent. The previous high, 4.72 percent, came only three months earlier.
Late payments skyrocketed to a record, 20.02 percent, compared with the mark of 18.81 percent from July through September. |
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