By the end of the year, more than 3.9 million homes will have been foreclosed in the U.S., the second year in a row that figures have broken previous records.
The figures for 2009 surpass the 3.2 million foreclosures recorded in 2008, according to a report from the group RealtyTrac Inc.
"Foreclosure filings exceeded 300,000 for the ninth straight month in November, RealtyTrac said today. A weak labor market and tight credit are 'formidable headwinds' for the economy, Federal Reserve Chairman Ben S. Bernanke said in a Dec. 7 speech in Washington. The 7.2 million jobs lost since the recession began in December 2007 are the most of any postwar economic slump, Labor Department data show. Unemployment, at 10 percent last month, won't peak until the first quarter, Quigley said."
FULL STORY: U.S. Foreclosures to Reach 3.9 Million in Second Record Year

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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

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Spokane Mayor Introduces Housing Reforms Package
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Houston Mayor Kills Another Bike Lane
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Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
JM Goldson LLC
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Jefferson Parish Government
Camden Redevelopment Agency
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