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Six in 10 homeowners wish they understood the terms and details of their mortgage better.
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More than 6 in 10 homeowners delinquent in their mortgage payments are not aware of services that mortgage lenders can offer to individuals having trouble with their mortgage. –
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43% of American households spend more than they earn each year.
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52% of employees live paycheck to paycheck.
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Nearly 42% of all American households do not have enough in liquid financial assets to support themselves for at least three months.
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46% of American households have less than $5,000 in liquid assets, including IRAs
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A total of 2,203,295 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,285,873 properties nationwide during the year 2007, up 75 percent from 2006.
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215,749 foreclosure filings were reported in December, up 97 percent from December 2006 and bringing the fourth-quarter total to 642,150 filings on 527,740 properties
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Nevada posted the nation’s highest state foreclosure rate for 2007, with 3.4 percent of its households entering some stage of foreclosure during the year — more than three times the national average.
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A total of 66,316 foreclosure filings on 34,417 properties were reported in Nevada in 2007, an increase of more than 200 percent in total filings from 2006.
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With more than 2 percent of its households entering some stage of foreclosure during the year, Florida documented the second highest state foreclosure rate for 2007. A total of 279,325 foreclosure filings on 165,291 properties were reported in the state during the year, more than twice the number of filings reported in 2006.
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Michigan documented the nation’s third highest state foreclosure for 2007, with 1.9 percent of its households entering some stage of foreclosure during the year. A total of 136,205 foreclosure filings on 87,210 properties were reported in the state during the year, a 68 percent increase in total filings from 2006.
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With a total of 481,392 foreclosure filings on 249,513 properties during the year, California documented the highest number of foreclosure filings and the most properties in some stage of foreclosure in 2007.
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California's total foreclosure filings more than tripled from 2006, and the state’s 2007 foreclosure rate — 1.9 percent of its households entering some stage of foreclosure during the year — ranked fourth highest among the states.
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U.S. foreclosure filings spiked by more than 81% in 2008, a record, and they're up 225% compared with 2006.
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A total of 861,664 families lost their homes to foreclosure in 2008, according to RealtyTrac, which released its year-end report Thursday.
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There were more than 3.1 million foreclosure filings issued during 2008, which means that one of every 54 households received a notice in 2008.
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In California and Florida 80% of the homeowners who miss a payment end up in foreclosure, according to the MBA.
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Hours worked by all REALTORS® (nationwide): 40 per week
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Gross personal income of Realtors by hours worked: $63,000 (median for 40-59 hrs.)
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Percent of business generated by REALTOR® personal web site (all REALTORS®): Zero - 28%; over 25%- 12%
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Real estate experience of all REALTORS® (median): 7 years
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REALTORS® by gender: Male 41%; Female 59%
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Formal education of REALTORS®: Some college: 34%; associate degree: 12%; Bachelor's degree: 26%; High school graduate: 8%; Graduate degree and above: 10%; Some graduate school: 8%
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Affiliate membership of REALTORS ®: CCIM: 1%; CRE: 1%; CRB: 3%; CRS: 10%; IREM: 1%; REBAC: 10%; RLI: 1%; SIOR: less than 1%; WCR: 4%
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Sides per agent: For all REALTORS® in 2006, the typical brokerage specialist completed 10 transaction sides
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Number of years with present firm (median): Agents - 3 years; Brokers - 7 years
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REALTOR affiliation with firms: Independent contractor 83%; Employee 6%; Other 11%
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America's real estate creates or supports approximately 9 million jobs.
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The construction industry includes 1.6 million self-employed and 6.7 million wage and salary jobs; by the year 2012, there will be a need for an additional 1.1 million special trades contractors.
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U.S. commercial real estate is worth approximately $5 trillion, including 4 billion sq. ft. of office space; 13 billion sq. ft. of industrial property; almost 9.5 billion sq. ft. of shopping center space; 4.4 million hotel rooms; and 33 million sq. ft. of rental apartment space.
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In 1900, 75 percent of urban Americans lived in rented apartments or flats. In contrast, U.S. home ownership in 2006 reached a record high of 68 percent. Housing accounts for about 15 percent of gross domestic product (GDP) in a typical year.
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In 2006, U.S. shopping centers generated $2.25 trillion in sales, and $124 billion in state sales tax revenues.
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The nation's multifamily housing provides homes for over 23 million households.
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There are approximatly 200 publicly traded real estate investment trusts (REITs) in the U.S. today, with a total total equity market capitalization of $312 billion (as of Dec. 2007). Tens of thousands of individual investors own shares of REITs.
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Spending by resident and international travelers in the U.S. averages $1.9 billion a day. One out of every seven Americans is directly or indirectly employed in the lodging and tourism industries.
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