Foreclosures rise in many U.S. cities

Discussion in 'Economy' started by Nova78, May 8, 2012.

  1. Nova78
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    Nova78 Silver Member

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    Foreclosures rise in many U.S. cities - CBS News

    (MoneyWatch) Foreclosures are on the rise in parts of the U.S., according to new data from RealtyTrac. Foreclosure activity rose for the first quarter in 114 out of the 212 metropolitan areas around the nation surveyed by the real-estate industry research firm.
    Foreclosures increased from the previous quarter in 26 of the nation's 50 largest metro areas. Pittsburgh saw the highest jump, with a 49 percent increase in homes seized, followed by Indianapolis, Philadelphia, New York, Raleigh, N.C., and Virginia Beach, Va.

    Hows that hope and change thingy working out for you ?:lol:
    $fha_financial_condition_244x183.jpg
     
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  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Cities struggle to deal with abandoned homes...
    :confused:
    Abandoned homes plague cities: It takes money to level them
    15 June`12 - Census estimates show that although the amount of housing rose slightly in many of the nation's largest counties, some have begun demolishing vacant and unused structures.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Cautious Moves on Foreclosures Haunting Obama...
    :eusa_shifty:
    Cautious Moves on Foreclosures Haunting Obama
    August 19, 2012 WASHINGTON — After inheriting the worst economic downturn since the Great Depression, President Obama poured vast amounts of money into efforts to stabilize the financial system, rescue the auto industry and revive the economy.
     
  4. expat_panama
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    expat_panama Gold Member

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    That's how some people see it. Here's reality--
    [​IMG]
    First, we were fine until Obama came to Washington and Pelosi took over. Second, a sustained recovery came with Peloisi loosing power and new House leadership putting a check on Obama.
     
  5. william the wie
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    william the wie Gold Member

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    Yeah, that did help Expat but the second or maybe third wave of foreclosures with a huge spike in late/missed payments have begun so 24-30 months down the road we will see another round of houses hitting the market.
     

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