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It combines with unemployment to increase the foreclosure rate which, in turn, depresses home values.
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State Senator Michael Machado, a Democrat who is chairman of the Senate Committee on Banking, Finance and Insurance, is from Stockton, where the foreclosure rate increased 271percentt in 2007.
In January, the foreclosure rate increased 102percentt from the same month a year earlier in Oakland County, Mich., home to a huge number of G.M. and Chrysler employees.
According to a study by Dan Immergluck, an associate professor at the Georgia Institute of Technology, and Geoff Smith, research director at the Woodstock Institute, when the foreclosure rate increases one percentage point, neighborhood violent crime rises 2.33percentt.
Indeed, the foreclosure rate is increasing.
The foreclosure rate has also increased.
But the foreclosure rate is outlandish.
Four years after the onset, the foreclosure rate remains stubbornly high — and now there is a second foreclosure crisis.
In Riverside and San Bernardino, California's Inland Empire, the foreclosure rate was one in every 38 homes.
"By bringing down the foreclosure rate, it will help shore up housing prices for everyone".
The foreclosure rate in Manhattan Beach is almost non-existent, with only one in 5,376 homes facing foreclosure.
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CEO of Professional Science Editing for Scientists @ prosciediting.com