Las Vegas homeowners had the highest U.S. foreclosure rate last year, and California and Florida cities accounted for 17 of the nation’s 20 worst markets as unemployment extended the housing recession.
via businessweek.com
The article goes on to say that things are looking to get worse before they get better. A significant increase in foreclosures is expected and if the economy continue to sputter home prices that gained in the past six months will falter again.
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