Foreclosures up in 75 percent of top U.S. metro areas | Reuters

Foreclosures up in 75 percent of top U.S. metro areas | Reuters
Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday.

Unemployment was the main culprit driving foreclosure actions on more than 1.6 million properties, the company said.
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I guess all of us will just have to stay put for another three or four years...