In housing news, new figures show the number of homes facing foreclosure has risen over five percent in recent months. According to RealtyTrac, 938,000 homes were at risk of foreclosure for the three-month period ending last month, up from 890,000 in the prior three months. Foreclosure-related filings are on pace to reach around 3.5 million this year, up from 2.3 million in 2008.
Home Foreclosures Rise 5%
HeadlineOct 15, 2009