Monday, November 4, 2019

2009 to 2012 more than 10 million homes enter foreclosure

Nov. 4, 2019


Introduction


It is my personal finance research. I like to work on the research about the home ownership. 


2009 to 2012


Here is the article I like to read. 

As home prices continue to fall, and as the national unemployment rate remains stuck near 10 percent, Americans are seeing their wealth erode. More than 2.8 million homes received foreclosure notices in 2009, as foreclosure activity increased more than 20 percent, according to real estate data provider RealtyTrac. Between 2010 and 2012, 7.4 million more homes will likely enter foreclosure, the Federal Reserve predicts.

"Some people who are affected in that way end up becoming homeless."

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