Did You Know??? Surprising Facts and Figures about The Housing Market...Then and Now.

Some Facts to Know:

• More than 100 banks closed in 1930 - only 14 U.S. banks had been taken over in 2008.
• There are 76 million households in the U.S. that own their home - 24 million of these are free and clear
• There are 52 million homes with mortgages - 97.2% of these are NOT in foreclosure. 93.8% of these homes are current on their payments

On a Sobering Note:

• Over 20% of homeowners with a mortgage owe more than their home is worth
• 40% of all foreclosures are non-owner occupied

How did we Get Here?

Decade....Homes Sold High.........Homes Sold Average

1970's...............3.9 million........................3 million
1980's..............4.0 million.....................3.3 million
1990's..............4.9 million.....................3.9 million
2000's..............7.1 million.....................5.6 million

(resale numbers - the above does not include new home sales.)

Sources: Wall Street Journal/Moody's Economy.com/RealtyTrac/NAR/Forbes