Tag Archives: mortgages

USA foreclosures set record in July…again

Home loan defaults continued at a record pace in July despite ongoing programs by government authorities at both federal and state level to avoid foreclosures. Home seizure activity jumped by 7 percent in July from just a month previously and … Continue reading

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US home prices plunge in record fall

Prices of U.S. single-family homes plunged a record 16.6% in August 2008 from a year earlier and plummeted more than 30 percent in Las Vegas and Phoenix according to┬áStandard & Poor’sthis morning. Home prices in 20 major metropolitan areas fell

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