foreclosure rate US

March 31, 2009

South Bend Indiana Joins Dumped Foreclosure Epidemic

Foreign real estate investors are often shocked by the low price tags on houses in the industrial midwest. Australian news shows have recently featured segments on homes in Detroit that are selling for $1,000 or less, and even Americans are shocked that the average price on a home in Detroit has fallen to an astonishing $18,000.

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March 9, 2009

Elizabeth Warren Says U.S. Foreclosure Rate Threatens Entire Economy

Depression in the USA caused by foreclosures?

An official report on foreclosures released on March 6th by the Congressional Oversight Program (C.O.P for short) warns that the rate of foreclosure in the U.S. is now three times higher than at any other time in recorded history and threatens to completely tank the American economy.

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