Article Image
News Link • Housing

Housing Apocalypse: The Worst Housing Collapse in U.S. History

#6 72 percent of the major metropolitan areas in the United States had more foreclosures in 2010 than they did in 2009. #7 According to the Mortgage Bankers Association, at least 8 million Americans are at least one month behind on their mortgage payments. #8 It is estimated that there are about 5 million homeowners in the United States that are at least two months behind on their mortgages, and it is being projected that over a million American families will be booted out of their homes this year alone. #9 Deutsche Bank is projecting that 48 percent of all U.S. mortgages could have negative equity by the end of 2011. #10 Some formerly great industrial cities are rapidly turning into ghost towns. For example, in Dayton, Ohio today 18.9 percent of all houses are now standing empty. 21.5 percent of all houses in New Orleans, Louisiana are standing vacant. #11 According to Zillow, U.S. home prices have already fallen further during this economic downturn (26 percent) than they did during the Great Depression (25.9 percent).

Join us on our Social Networks:


Share this page with your friends on your favorite social network:

Free Talk Live