Housing trends:
foreclosure rate Feb. 09 30% above rate in Feb. 08 and 6% above Jan. 09;
foreclosures now increasingly seem to be resulting not from fraudulent loans but from recession-generated unemployment;
700,000 foreclosed homes at end of 2009 being held off market by banks.
foreclosure rate Feb. 09 30% above rate in Feb. 08 and 6% above Jan. 09;
foreclosures now increasingly seem to be resulting not from fraudulent loans but from recession-generated unemployment;
700,000 foreclosed homes at end of 2009 being held off market by banks.
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