Wednesday, August 4, 2010

Loss of home is effective homelessness - our prayers should be with each one

Some quick notes...according to Mortgage Daily News

A very negative result of all the turmoil in housing and financial meltdown - over a million individuals and families are temporarily or chronically homeless....for whatever reasons (employment, health, or significant lifestyle change) some of these people are in shelters or on the street...

There have been an estimated 1.24 million foreclosures in the last few years (currently about 4.5 million other homeowners are delinquent or in foreclosure)...existing and new homes, 3.99 million and 210,000 respectively (not sure if that's high/low/normal)....131.2 million housing units in the U.S. in the 2Q10 (112.2 million were occupied - of the occupied homes, about 2/3rds (or 75.1 million) of those units owner occupied and 37.1 million rented (vacancy rate for rental housing is at 10.6 percent of rental units). The number of vacant properties has increased by nearly 400,000 units to 18.9 million in the last year.

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