Foreclosure Rates Rise for First Time in Four Years
For the first time since November 2010, the U.S. real estate market has seen the number of foreclosures rise from the same time last year.
Nearly 52,000 homes were put up for auction in August, up 1 percent from the same month in 2013.
Experts are quick to note that this does not mean that we are headed back toward another mortgage crisis. Rather, many foreclosures have gotten delay over the last few years, and they are just now starting to catch up.
Image via flickr/simoncunningham