Real Estate Crash News for Thursday January 21st, 2010

Record Year For Foreclosures As Unemployment Rises

"A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages."

UPDATE 4-One in 7 U.S. mortgages foreclosing or delinquent

"A record one in seven U.S. mortgages were in foreclosure or at least one payment past due in the third quarter, according to fresh data signaling the recovery in the housing market will be tepid at best."

Homebuilders: Not So Confident

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