Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Friday, August 14, 2009
New Record for US Foreclosure Filings in July!
Miamiherald: Foreclosure filings were up 32 percent from the same month last year, RealtyTrac Inc. said Thursday. More than 360,000 households nationwide, or one in every 355 homes, received a foreclosure-related notice in July.
That's the highest monthly level since the foreclosure-listing firm began publishing the data more than four years ago.
Additionally:
WSJ: Nevada had the nation's highest foreclosure rate for the 31st-straight month - with one in every 56 housing units getting a foreclosure filing in July.
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