10 Things to Know About Real Estate in 2010

By SHARE

Mortgage delinquencies up

Next »

2 of 10

« Back

ISTOCKPHOTO

The national unemployment rate, already 10 percent, will peak at about 10.5 percent in the first quarter of 2010, says Patrick Newport, an economist at IHS Global Insight. Additional job losses mean more borrowers won’t be able to pay their mortgages. “The [delinquency] rate is going to stay up there for quite a while because the job market is going to be really weak for a while,” Newport says.

Next: Foreclosures move upstream


You Might Also Like


See More