Archive for the ‘foreclosure’ tag
The Third Wave Foreclosure Crisis
Foreclosures haven’t abated; if anything, they continue to pick up steam. They vary significantly by region - hotspots like Phoenix and Detroit are facing true epidemics. Other locations - like parts of NYC, for example - seem to be mostly bypassing the worst of things.
Yet now we’re facing what some economists are calling the third [...]
Foreclosures up 71% in Q3
From the AP today:
Nationwide, nearly 766,000 homes received at least one foreclosure-related notice from July through September, up 71 percent from a year earlier.
So, we’re up 71% in foreclosure filings, which certainly isn’t good news, no matter how you spin it. But let’s spin it regardless: notice this number is compared to last year. With [...]
