22.5.11

The Housing Market Just Had Its Worst Quarter Since 2008


Some key datapoints:
  • Nearly 75% of homes in the US lost value from Q1 2010 to Q1 2011. That's up from 69% the quarter before.
  • Negative equity hit a brand new high of 28.4%.
  • Foreclosure re-sales hit a brand new high, representing 23.7%.
  • Meanwhile, the supply of distressed home continues to be massive. 2 million homes are in the foreclosure process, with another 1.5 million seriously delinquent.
Here are a couple of charts from the report:
housing

Read more: www.businessinsider.com

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