Staggering Foreclosure Numbers

Via the AP:  Banks repossess 1 million homes in 2010

One in 45 U.S. households received a foreclosure filing last year, or a record high of 2.9 million homes. That’s up 1.67 percent from 2009.

Worse, we haven’t hit the peak yet, which is expected this year.

FILED UNDER: Economics and Business, Quick Takes, US Politics
Steven L. Taylor
About Steven L. Taylor
Steven L. Taylor is a Professor of Political Science and a College of Arts and Sciences Dean. His main areas of expertise include parties, elections, and the institutional design of democracies. His most recent book is the co-authored A Different Democracy: American Government in a 31-Country Perspective. He earned his Ph.D. from the University of Texas and his BA from the University of California, Irvine. He has been blogging since 2003 (originally at the now defunct Poliblog). Follow Steven on Twitter

Comments

  1. sam says:

    I think the situation may be somewhat cloudy owing to the banks, uh, small problem with establishing a chain of title. See, Ibanez and Securitization Fail/