USA Today ran an article on foreclosure statistics. It seems that we have recently set two records. The first is that for the first time ever 10% of all home owners (according to the article) missed a mortgage payment during a quarter. The second is that now some 4.6% of all home owners are in foreclosure. Gee, two records, one article.
What I find difficult to believe about this is that it says both of these percentages are of all home owners — not all home owners with mortgages. I would believe those numbers if they are all home owners with mortgages, but considering the number of paid for properties around, it would be seriously staggering if those numbers are actually true.