US housing repossessions reach all time high

BBC 5/11: "The number of US homes being repossessed hit an all-time high last month,...A total of 333,837 new repossession filings were made in April, one for every 387 homes in the US.

• The picture differs across the US, with California, Florida, Michigan, Illinois and Nevada being the worst affected....The next five most impacted states were Arizona, Georgia, Texas, Ohio and Virginia."...Las Vegas is the worst hit urban area with one out of 60 homes repo'ed.