Financial Crisis Affects Borrowers Worldwide
Financial Crisis Affects Borrowers Worldwide
May 29th, 2009 Goto commentsLeave a comment The current economic recession has taken its toll on homeowners in the United States. Property values for the 1st quarter of 2009 in the US were down an average of 14% over the previous year. This is after a decline of almost 10% last year in median home prices. States such as California, Florida and Nevada have been hit even harder by rising foreclosures and the limited availability of credit. Housing prices have dropped over 25% in these states and
(AFX UK Focus) 2009-05-28 15:54 UPDATE 1-1 in 8 US homeowners late paying or in foreclosure (Interactive Investor)
By Lynn Adler