Foreclosures up to record levels…and more…
The #1 site for foreclosure listings, RealtyTrac, reported a record 2.2 million foreclosure listings in 2007. Worse yet, 2008 foreclosures are on track to beat the 2007 record by 20-30 percent over 2007:
“It’s not a great record to have, but it looks like we’re there…We don’t see the numbers coming down from the current levels right now.”
Foreclosure levels in December 2007 were about DOUBLE what they were the previous december.