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August 09, 2007
Foreclosure Crisis Threatens U.S. Housing Market
In an analysis of the U.S. foreclosure crisis, eFinanceDirectory.com graphs foreclosure data, offers an in depth explanation for the surge in foreclosures, and details the projected impact increased foreclosure activity will have on the housing market.
San Francisco, CA (PRWEB) August 9, 2007 -- eFinanceDirectory.com, a news hub for real estate and mortgage markets, has published a detailed analysis of the U.S. foreclosure crisis.
The analysis includes up-to-date graphs depicting foreclosure data for bubble states like California, Florida, Nevada and Arizona, as well as a graph of national foreclosure activity.
Each graph shows an alarming increase in the number of foreclosure filings between 2006 and 2007. For example, in California, the state with the most total foreclosures, there has been a 400 percent increase between this year and last.
In addition to visuals, the eFinanceDirectory.com foreclosure crisis analysis offers an explanation of how easy credit led to the high number of defaults and a forecast of the impact increased foreclosure activity will have on home prices, taxpayers, and the housing market in general
The full eFinanceDirectory.com analysis is available at: http://efinancedirectory.com/articles/Mass_Foreclosures_Threaten_the_U.S..html
For continuous updates on the U.S. foreclosure crisis, visit the foreclosure news section of eFinanceDirectory.com: http://efinancedirectory.com/article_directory/Foreclosure_News.html
About eFinanceDirectory.com:
eFinanceDirectory.com is an online news hub dedicated to providing reliable information about real estate, mortgage financing and property investment. The company currently focuses on publishing unbiased daily news stories that relate to the U.S. housing market.
Posted by Industrial-Manufacturing at August 9, 2007 06:32 AM