Foreclosures Higher Than Improvement in House Sales

Foreclosures Higher Than Improvement in House Sales

Check out:

U.S. FORECLOSURE ACTIVITY INCREASES 7 PERCENT IN JULY

http://www.realtytrac.com/ContentManagement/PressRelease.aspx?channelid=9&ItemID=7192

1.9 MILLION FORECLOSURE FILINGS REPORTED ON MORE THAN 1.5 MILLION U.S. PROPERTIES IN FIRST HALF OF 2009

http://www.realtytrac.com/ContentManagement/PressRelease.aspx?channelid=9&ItemID=6802

New Home Sales Up 9.6 Percent During July 2009

http://www.creditunionsonline.com/news/2009/New-Home-Sales-Up-9.6-Percent-During-July-2009.html

Here are the stats:

1.5 million foreclosures this year

360,149 foreclures in July alone

336,173 foreclosures in June alone

433,000 is the seasonally adjusted rate for house sales this year

That means that in just two months the amount of housing foreclosures is much greater than the annual amount of new houses sold. The economy is still horrible despite what people say.