It isn't often that the Washington Post produces an alarmist article on the Housing Market. Over the last couple of years, the newspaper has earned the reputation for being the trade journal for the regions realtors. However, this story on the foreclosure rate certainly won't please many of their real estate advertisers.

According to the post, the foreclosure rate is running at historically high levels "The percentage of US mortgages entering foreclosure in the first three months of the year was the highest in more than 50 years." This is shocking stuff

The post also provided a nice graphic illustrating the key foreclosure numbers. And indeed, those foreclosure rates do little rather high.

If you find yourself squinting at the graphic, click on it and it will expand in another internet explorer window.