Thursday, 12 July 2007

Home foreclosures drop in June but spike likely

(Reuters) - Foreclosure filings fell 7 percent in June to 164,644 after
jumping 19 percent in May, but they remain 87 percent above
last June's pace, with one filing for every 704 households,
RealtyTrac said in a monthly report.




"The outlook isn't terribly optimistic for the rest of this
year," Rick Sharga, RealtyTrac's vice president of marketing,
said in an interview.


Read more at Reuters.com Economic News

No comments: