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Posts Tagged ‘housing foreclosure’

Foreclosure-fueled decline in home ownership rate may be lasting trend

Posted by smeddum on August 18, 2009

Foreclosure-fueled decline in home ownership rate may be lasting trend
Number of renters may rise to levels last seen in 1970s or ’80s

By Dan Voorhis

Chicago Tribune

McClatchy/Tribune news
August 18, 2009

Home ownership is on the decline nationally after rising to record levels in 2005, as the epidemic of foreclosures continues.

The rate of home ownership peaked at 69 percent and fell to 67.4 percent in the second quarter of this year. That may seem a slight difference, but every percentage point equals roughly 1 million people. Read the rest of this entry »

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Second wave of foreclosures possible

Posted by smeddum on July 28, 2009

Second wave of foreclosures possible
Sun, Jul. 26, 2009
philly.com
By Alan J. Heavens
Inquirer Real Estate Writer

As unemployment skyrockets, a second wave of foreclosures is building, economic observers say, fed by people with good credit who could lose their houses because they have lost their jobs and can’t find work. Read the rest of this entry »

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