Statistic of the Day

Oct 08, 2010 12:01

Lenders ... in August ... issued foreclosure filings to 338,836 homeowners, or one of every 381 U.S. households

Bloomberg

Considering that not every household owns a home, that's pretty scary.  If we assume 60% of households own homes (I'm not sure about that), that works out to a rate of about 5% of homes being issued foreclosure notices per year.

unemployment, statistic of the day, recession, economics

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