Another Downturn – Foreclosures up 70%

October 23, 2008 at 2:46 pm Leave a comment

WASHINGTON – The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday. 

By the end of the year, RealtyTrac expects more than a million bank-owned properties to have piled up on the market, representing around a third of all properties for sale in the U.S.

http://www.msnbc.msn.com/id/27329406

 
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Entry filed under: Money, Politics. Tags: , , , , , .

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