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IPFS News Link • Housing

12 Signs The Worst Housing Collapse In U.S. History Is Getting Worse

02-02-2011 • BusinessInsider.com/

Around 5 million homeowners are at least two months behind on their mortgages and over a million families will be booted out of their homes this year alone. 12 months from today, an estimated 20 million people will be underwater on their mortgages. That's 28 percent of all homes. Home prices have already fallen further during this economic downturn (26%) than they did during the Great Depression (25.9%)

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Reported By Jack Gregson

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