Dayton Ohio Real Estate- Foreclosure Update

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We need to Stop Foreclosures…says Fed Chair.

Bernanke

Fed Chair Bernanke spoke today on the serious problems facing the national real estate market and his statements ring very true here for our Dayton Ohio Real Estate market. You see the Dayton Ohio real estate market was 15th in the nation for 2007 to total percentage of households being foreclosed on. The Dayton Ohio real estate market saw 14,285 foreclosure filings, up aver 145% over 2006.

Dayton Ohio real estate foreclosure rate

Foreclosure impact on Dayton Ohio real estate:

According to Bernanke, the current mortgage delinquency rates have increased sharply and that is exacerbating the contraction in the housing sector. So what can be done to reduce and stop foreclosure?

This entry was posted on Wednesday, March 5th, 2008 at 2:22 am and is filed under Avoid Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.