REAL Trends Updates

Obama housing rescue threatened by foreclosures, unemployment

President Barack Obama's efforts to bolster the U.S. housing market may be undone by record unemployment and repossessions by lenders, according to an article on Bloomberg.com. Foreclosures are expected to reach 3 million this year, surpassing the record of 2.82 million in 2009, according to Irvine, California-based RealtyTrac Inc. That would more than offset an estimated 448,000-unit rise in...  This content only available to REAL Trends Members. Please log in below.