Bloomberg reports that with 3.9 million notices sent to homeowners in default in 2009, The U.S. has set a record for the second straight year. Foreclosure filings exceeded 300,000 for the ninth straight month in November.
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The National Association of Realtors announced that U.S. home sales surged in the month of October, spurred by a tax break set to expire at the end of the quarter.
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Mortgage loan delinquency rose for the 11th straight quarter in Q309, according to market research by credit bureau TransUnion.
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The Wall Street Journal reports that a growing percentage of foreclosures in June came from the top tier of the local housing market.
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New home sales rose sharply in the Northeast in June over May, thanks in part to buyers hoping to move fast enough to take advantage of a federal tax credit.
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