Thursday, December 10, 2009
U.S. Foreclosures to Reach 3.9 Million in Second Record Year - Bloomberg.com
US Foreclosures won't peak until after Unemployment does. This is pretty scary because the economic data seems to be indicating that the peak of Unemployment isn't any time soon.
The areas most affected by foreclosures continue to be those that had the most boom. Nevada, California, Florida, and Arizona, but areas like Michigan, and Utah are starting to see substantially higher foreclosure rates as well.