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Posts Tagged ‘ Real Estate Foreclosures ’

Study of Great Depression Shows Postponed Foreclosures and Spikes in Mortgage Rates

Nov 6th, 2008 | By William Patalon III | Category: Financial News

It was January 1934. The Great Depression was five years old – but still had another five years to run.
The carnage was horrific: From 1929 to 1934, U.S. personal income plunged 44%, real output nosedived 30% and the unemployment rate soared to 25% of the American labor force.

Tags: AGO, Federal Reserve Bank, Great Depression, home foreclosures, Mortgage Foreclosure, Real Estate Foreclosures, Unemployment Rate, William Patalon III
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