Foreclosures 2016. The government and many companies are interested in the number of people who lose their home because they are unable to pay. The process of losing a home has three stages, which begin with a

“foreclosure filing.” At some later point, the person may begin to pay again or the process will complete, becoming a “completed foreclosure.” At that point, the person will be given a date by which they must move out of the house.

When people move out and the house becomes the property of the bank, it is called a “home repossession.” Below is a table showing the number of homes in each stage for the past several years (www.statisticbrain.com/home-foreclosure-

statistics/).

Year 2012 2013 2014 2015 2016 Foreclosure Filings 2,300,000 1,369,405 1,117,426 1,147,365 956,864 Completed Foreclosures 2,100,000 921,064 575,378 575,378 427,997 Home Repossessions 700,000 463,108 327,069 327,069 203,108

a) What percent of Home Reposessions over these 5 years occurred in 2016?

b) What percent of all Foreclosure Filings occurred in 2012?

c) What percent of Completed Foreclosures occurred in 2015?

d) How did the percentage of Home Repossessions change between 2012 and 2016?

e) Is there anything about the data that makes you wonder about its accuracy?