Within just one year, the percentage of homeowners and renters who are in trouble increases by 10% from 2010 through 2011. At this rate, I don’t think the housing market will go up anytime soon but let’s keep hoping. The major cause of this increase in debt relief seems to be linking to increasingly higher medical expenses. With it taken out a big chunk of homeowner’s income, it’s no doubt that they’re having a bit of trouble paying their mortgages and trust deeds. Homeowners and renters with dependents living at home are the ones taking the bigger hit with 89% increases in 2011 from 44% in ’10. What does this all mean? We need more jobs and soon or this economy get worse than it already is.

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