For the battered United States housing market, Wednesday brought some good news. Compared to April, houses that were close to being foreclosed were down by more than 5%. This report was courtesy of RealtyTrac Inc.
In total, approximately 320,000 houses received a notice of foreclosure in May. Year over year, that number is about 18% higher than May of 2008. While that may seem like a large increase, it was actually the smallest year over year jump in three years.
Overall, about one in every 400 homes in the United States received a notice of foreclosure. In the state of Nevada, one …read more

According to a recent report, foreclosures in the United States were significantly up for the month of March. With more and more people having the means to make ends meet combined with the struggles of the banking industry, the result is an astonishingly high number of foreclosures.
From February to March, foreclosures were up 17%. Comparing March 2009 to March 2008, foreclosures are up nearly 50%. In the first quarter of 2009, the report indicates that foreclosures are up almost 25%.
Foreclosures are an epidemic that President Barack Obama has targeted to try to get under control. He has talked about a …read more