. May 19, 2006 SouthAmerica: The television program âNightlineâ on May 16, 2006 was about the increasing number of foreclosures in the US housing market. They said that today 1 percent of all houses in the United States are going thru the process of foreclosure. They did not give the actual number of houses that are being foreclosed right now. I have been expecting the real estate bubble to burst in the US because of increasing interest rates - since a large number of people have adjustable mortgages and they will not be able to pay the increase in monthly mortgage payments. The shit should hit the fan in the near future and it will not be a pretty sight. âNightlineâ - Reality check Foreclosures on the rise. NIGHTLINE (ABC NEWS) Broadcast Date: Tuesday - May 16, 2006 .