Foreclosures continue to rise
30 Oct 2008
U.S. foreclosures have hit another high. According to RealtyTrac, foreclosures increased in the third quarter by 71 percent from the same period in 2007. The fall in the housing market is the biggest in 17 years.
That’s not all. The price of property fell by 5.9 percent from the previous year – the biggest fall since 1991 – according to the Federal Housing Finance