Foreclosures keep on rising

The Enquirer - Foreclosures keep on rising: "Foreclosures in Hamilton County jumped by 11.1 percent to 5,021 in 2005, continuing a trend that has shown a 62.2 percent increase in foreclosures since 2001.
Local court officials further project 2006 will see a 13.2 percent increase in foreclosures - totaling almost 5,700, or up about 84 percent from 3,095 foreclosures in 2001.
The new numbers come as the Ohio House is considering legislation to crack down on predatory mortgage lending and curb the state's sky-high foreclosure rate. In addition to predatory lending, adverse life events, catastrophic health costs or borrowing against a home can put homeowners at risk of foreclosure."
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Potential foreclosures climb as housing market cools

Potential foreclosures climb as housing market cools: "There's trouble in the bubble.
After three years of rapidly inflating real estate, loose credit and dicey financing, the number of court filings notifying Palm Beach County property owners they are facing foreclosure is rising."
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East Bay Business Times: Property foreclosures increase in East Bay - 2006-03-23

East Bay Business Times: Property foreclosures increase in East Bay - 2006-03-23: "Alameda and Contra Costa counties saw fewer property foreclosures in February than in January, bucking a three-month U.S. trend of increased foreclosure rates.
A closer look at data from foreclosure database service RealtyTrac, however, shows that foreclosures in the East Bay are sharply higher year over year. The increases come even as economic indicators remain strong.
'It does not look like any of the (East Bay) counties are in immediate danger of a run-up in new foreclosures,' said Rick Sharga, vice president of marketing at RealtyTrac.
'For the last few years, foreclosure rates across the country have been at historical lows,' he said, due to price appreciation and low mortgage rates. 'As those two trends reverse themselves, we see a return to more normal levels of foreclosures.' "
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FOREX-Dollar Tumbles After Weak U.S. New Home Sales

Market News and Investment Information | Reuters.co.uk: "The dollar tumbled on Friday after a weaker-than-expected U.S. hew home sales report reduced expectations for further greenback-boosting Federal Reserve interest rate hikes.
The dollar had started the day higher but first stumbled after a report showed weakness in a key measure of U.S. business investment. The currency had been gaining all week, underpinned by an earlier perception that the Fed would keep raising rates beyond an expected hike to 4.75 percent next week."
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February new-home sales plunge 10.5%

USATODAY.com - February new-home sales plunge 10.5%: "Sales of new homes plunged 10.5% in February, biggest drop in nearly nine years, while prices fell and the number of homes on the market hit a record high, the government said Friday in a report that signals significant slowing in the housing market."
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February new-home sales plunge 10.5%

USATODAY.com - February new-home sales plunge 10.5%: "Sales of new homes plunged 10.5% in February, biggest drop in nearly nine years, while prices fell and the number of homes on the market hit a record high, the government said Friday in a report that signals significant slowing in the housing market."
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