housing facts

approx. 11% of all homes in america are standing empty.

the rate of home ownership has fallen to 1998 levels.

november represented an unprecedented consecutive fourth monthly decline in prices.

the number of homes actually repossessed reached the one million mark for the first time in history in 2010.

three million homes were repossessed by mortgage lenders from 1/07 to 8/10.
(most of this inventory has yet to be sold)

72% of most metro areas had more foreclosures in 2010 than in 2009.

at least 8 million people are one month behind on their mortgage.

5 million homeowners are at least two months behind on their mortgage.
(it is projected that one million families will be booted out of their homes this year alone!)

banks project that 48% of all mortgages could have negative equity by the end of 2011.

maybe to be expected, new orleans has 21.5 of all homes standing vacant. but alarmingly, dayton, ohio has 19% of all it's homes standing empty.

home prices have fallen farther than in the great depression.

without a jobs recovery, there will never be a housing recovery.

over the past two years, americans have withdrawn $311 billion dollars more from savings and investment accounts than they have put into them.

use your paper money wisely - it will never have as much value as it does today.