The number of foreclosures is record in the U.S.

The market for U.S. real estate is not yet out of the rut. For the full year, the number of foreclosures is expected to reach 3.9 million, according to the consultancy firm Realty Trac. An increase of 22% compared to 2008.

Despite a slight improvement in November (-8%), the number of foreclosures has even exceeded 300,000, and for the ninth consecutive month. These figures demonstrate the ineffectiveness of the plan to renegotiate mortgage launched by the state, according to an economist surveyed by Bloomberg. He said an owner who has renegotiated its debt through this program is very likely to default in the future.

Without significant improvement on the employment front, the situation should continue to deteriorate. However, according to economists, the U.S. labor market should not leave before mid-2010. To recall, 7.2 million people lost their jobs since the recession began in December 2007, bringing the unemployment rate from 4.9% to 10%.