The housing crisis is beginning to hit troops close to home.Bloomberg reports foreclosure filings in military towns -- places within 10 miles of military bases -- are up an an average 217% from January through April.
The national average was only 59% for the same period.
On top of that, military families often buy houses when transferred with plans to sell them and turn a little profit the next time they're transferred. Now, houses are going unsold for a lot longer and falling house prices could force them to sell at a loss. (Bloomberg)
No comments:
Post a Comment