Foreclosure “Crisis” Is Overblown

Date March 19, 2008

Although the national foreclosure rate rose 79 percent between December 2006 and December 2007, the rate was still only 1.033 percent of all homes. This is a regional problem, not reflective of the overall real estate market.
MAKING SENSE OF THE STORY
• Foreclosure statistics are rarely presented in context. Because about 30 percent of homes are [...]

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