Record High Foreclosures

Another piece of devastating news hit the media recently concerning foreclosure rates. In a report released last month the amount of home foreclosures rose to an all time high during the last portion of 2007 between October and December.

This news has fueled the ever growing fears that many consumers have regarding the possibility of a recession while others are using this data to help prove the thought that the U.S economy is already in a recession. [Read more]