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Real Estate & Property Law

: Housing Wire

Forecast: More Than 8 Million Foreclosures By 2012

By DIANA GOLOBAY

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(Update 1: clarifies some numbers, adds color on subprime foreclosures) A recent Credit Suisse research and analytics report has predicted that 8.1 million homes — 16 percent of all mortgages — will be in foreclosure in the next four years, up from the 6.5 million estimated in April. “At the time, most viewed our [original] forecast [...]

Full post as published by Housing Wire on December 10, 2008 (boomark / email).

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