Sunday, June 15, 2008
NEW YORK - The housing crisis went worst this May, as more than 73,000 American families lost their houses to bank repossessions, up a staggering 158% from the 28,548 households which were dispossessed in May 2007. Foreclosure filings of all types, including default notices, bank repossessions and notices of sheriff's sales were up 48% since May 2007, according to the latest release from an online marketer of foreclosed properties. Filings have increased to 7% since April.
"May was the 29th straight month we've seen a year-over-year increase," according to the online marketer. The report follows months of increasingly gloomy housing market conditions with house prices, existing home sales and new housing starts all plummeting. It is also known that there is a record of 14.1% decline in national home prices for the 12 months ending March 31; while April's existing house sales were down 17.5% year over year.
"May was the 29th straight month we've seen a year-over-year increase," according to the online marketer. The report follows months of increasingly gloomy housing market conditions with house prices, existing home sales and new housing starts all plummeting. It is also known that there is a record of 14.1% decline in national home prices for the 12 months ending March 31; while April's existing house sales were down 17.5% year over year.
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 9:32 PM
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1 Comments:
At June 23, 2008 12:45 AM,
amjat said…
Nice message!!!
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