Foreclosures rise 7 percent in July from June - Yahoo! News: "The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.
Foreclosure filings were up 32 percent from the same month last year, RealtyTrac Inc. said Thursday."
This recession is starting to remind me of the late 1970s, when the economy wouldn't fully recover for years. Various economic indicators would point up, others would trend down, and things just kept sputtering along. Politicians would argue about what to do, but nobody really seemed to know.