The Housing Market in the U.S. lately has everyone on edge and wondering who it will hit next. You can blame it on the economy all together, with people being more reluctant to buy homes and with falling home values, it is almost as if foreclosure is becoming inevitable for many home owners. More and more people are having to file foreclosure on their homes and last month alone in July, the reports of foreclosure filings went up more than 50 percent compared to last year. July hit record numbers, as one in every 464 U.S. households were forced into foreclosure on their home, reports Associated Press. Some states are hit harder than others, with Nevada, California, Florida, Arizona, Ohio, Georgia and Michigan leading with the highest foreclosure rates. Everyone is trying to keep optimistic through it all, hoping that eventually the bad streak will fade away and the housing market in the U.S. will once again be back on track.

Tags: falling home values, foreclosure, foreclosure prevention, U.S. housing market

This entry was posted on Thursday, August 14th, 2008 at 4:05 pm and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.