US Foreclosures Feasibility Project

The qualified variable, U. S. Foreclosures Filings, is used in the cause and affect relationship presented wrought the project. The sideline independent variables will be used to determine the most hearty factor in U. S. Foreclosure registers. This data is collected every month from much than 2,200 countless by email&160protected Realtyemail&160protected compiles this nationwide data and reports a count of the total number of properties with at least one foreclosure filing reported. Primary strong-minded Variable a.Rising Unemployment Rising unemployment sum ups is the primary Independent variable because I believe that as the national employment rate continues to rise so will the number of foreclosure filings. The data used to to a lower placestand the relationship was provided by the Bureau of Labor Statistics and collected monthly. The first choice that solidifies my belief comes from commoner. Com. Less Christie describes in the article, Mounting Job Losses supply Fore closures, the correlation surrounded by unemployment rates and the rise In U.S. Foreclosures. He explains that the to a greater extent individuals lose their jobs the more the delinquency trend will continue. (Christie, 2008) In the article, 2008 Foreclosure Filings dictated Record, Stephanie Armor recognizes the relationship between Job loss and foreclosure lings. She clarifies that even though Interest rates decreased, the number of those filing for foreclosure continued to rise between 2007 and 2008 resulting in an 81% increase.The former federal deputy Housing Commissioner under President Clinton is quoted saying, with foreclosures continuing to rise and the economy in a downward spiral, Its not surprising you see Increased foreclosure because of Increased unemployment. (Armor, 2009) Independent Variables a. split (XX DIVORCE)- Divorce is another leading cause in the number of the family and they thus run the risk of foreclosure. This data was compiled through the Center f or Disease check into and Prevention &038 National Center for Health Statistics.