Housing crisis
Folks, foreclosures are at a record high and there is a housing crisis. Activity is increasing. Expect more price erosion. This could be worst case scenario a double dip depression or recession. Basically, there is no job creation, so people keep getting fired and then they cannot pay. This leads to foreclosures even more. OK, as a result we get deeper into our housing crisis.
Labels: foreclosures, housing crisis
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