Sharga: Several more years with nearly 1M foreclosures per year

Sharga: Several more years with nearly 1M foreclosures per year

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The housing market faces several more years with 800,000 to 1 million new foreclosed properties per year, according to Rick Sharga, an executive vice president with Carrington Mortgage Services. Sharga recently left RealtyTrac, where he helped build a network that tracked foreclosure filings across the country.

Foreclosure rates surge, biggest jump in 5 years. more than 1 million bank repossessions this year," said Rick Sharga, a RealtyTrac senior vice president.. in Nevada was facing foreclosure.

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One in every 381 U.S. housing units received some form of a foreclosure filing during the month. Sharga suggests that 2011 will be the peak year in bank repossessions, and that "2012 will be a.

What If Renters Can’t Afford Rent?. with the addition of 1.05 million net new households per year so far. This is nearly double the pace of growth in the 1970s when the baby boomers came of age.". as well as several master bedrooms," said Rick Sharga,

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