Forclosures Rise, Delinquencies Fall

Written by Gary North on December 5, 2011

The percentage of foreclosed houses in inventory vs. all mortgages is at all all-time high, over 4%. But delinquencies are down 30% from a year ago. Delinquencies are now averaging 631 days — almost two years since the final payment. This means that owners can accumulate enough money to make a down payment after they […]

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