What Economic Recovery? U.S. home foreclosures hit record levels year after year

Reality Trac says U.S. property foreclosures hit 3.82 million in 2010.  A record.

It’s a continuing trend since 2006. The percentage of foreclosure filings just keeps going up: 2.23% of all U.S. housing units received at least one foreclosure filing during 2010.  2.21% in 2009.  1.84% in 2008.  1.03% in 2007.  0.58% in 2006.

The top five states for foreclosures in 2010 are: California, Florida, Arizona, Illinois and Michigan.