Foreclosure Defense Florida

Double Dip in Housing Means More Foreclosures Are Coming.

Housing starts fell dramatically, after posting several months of slight increases or stabalization.   Meanwhile more Americans who bought homes during this brief increase are falling into trouble.   About 3.4% or 1.9 million homeowners are 120 days or more late on their payments, up 1.5% from last year.

  • The total number of homes for sale was 3.63 million in September, down 15% from last year.
  • During the peak, residential housing made up 6.35 of Gross Domestic Product, today it is 2.5%.
  • The average price of a US home doubled between 2000 and 2006; since then the avergage has dropped 30%.
  • Overall 12.4% of American households with mortgages were 30 days or more overdue or in foreclosure.

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