Armageddon for Home-Owners? 12 Facts That Show We\’re in the Midst of the Worst Housing Collapse in US History | | AlterNet

“Approximately 11 percent of all homes in the United States are currently standing empty. In fact, there are many new housing developments across the U.S. that resemble little more than ghost towns because foreclosures have wiped them out. Mortgage delinquencies and foreclosures reached new highs in 2010, and it is being projected that banks and financial institutions will repossess at least a million more U.S. homes during 2011.”

via Armageddon for Home-Owners? 12 Facts That Show We\’re in the Midst of the Worst Housing Collapse in US History | | AlterNet.

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