Thursday, September 16, 2010

Foreclosures Rise

It appears that the housing market is continuing to sour. Foreclosures in August rose from the levels in July.

"Overall, foreclosure fillings rose 4.18 percent in August from the previous month, and were down 5.48 percent from a year ago. In all, 338,836 properties were in the foreclosure process. One in 381 U.S. households received a foreclosure notice in August. (Foreclosure notices are defined as a default notice, auction sale notice or bank repossession.)"

It appears that the market will continue to sour.

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