Economy: Economic News, Policy & Analysis - The Washington Post: How much will foreclosures rise this year? A lot.

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How much will foreclosures rise this year? A lot. Apr 3rd 2012, 19:31 Sales of foreclosed homes are expected to rise to 1.25 million in 2012 — a 25 percent increase from last year, according to new data from Moody's Analytics first reported by Bloomberg. As a result, home prices in the 20 biggest U.S. metro areas are expected to drop by 2.9 percent this year, according to Celia Chen, a housing economist at Moody's Analytics, citing the Case-Shiller/S&P Home Price Index. Read full article >>

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