Tag: foreclosure
US House Sales Improved in July
Sales figures for July of pre-owned houses showed a 3.1% increase in July 2008. This is attributed to a 7% drop in median house prices to $212,000 (UK £114,439), as a consequence of the US sub-prime crisis.
In the same period, over 272,000 people in the US received notice of foreclosure, a rise of 55% on July 2007 according to analysts Realtytrac. The US Government has introduced new measures to try and help home owners from losing their property.
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Posted: August 25th, 2008 under sub-prime, usa.
Tags: foreclosure, homowners, sub-prime
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