Foreclosures Set Record in 2009


Foreclosures in the U.S. hit an all-time high in 2009, according to RealtyTrac. a research groups that follows the housing market. The firm says there were 3,957,643 foreclosures filed in 2009, a 31% increase over the previous year. RealtyTrac's year-end report shows that "2.21% of all U.S. housing units (one in 45) received at least one foreclosure filing during the year, up from 1.84 percent in 2008, 1.03 percent in 2007 and 0.58 percent in 2006."