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Foreclosures rise 5 percent from summer to fall

Started by tobytoby
almost 17 years ago
Posts: 168
Member since: May 2009
Discussion about
Foreclosures keep on growing. http://finance.yahoo.com/news/Foreclosures-rise-5-percent-apf-346539737.html?x=0&sec=topStories&pos=2&asset=&ccode=
Response by marco_m
almost 17 years ago
Posts: 2481
Member since: Dec 2008

but psychology and and hope will overcome

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Response by tobytoby
almost 17 years ago
Posts: 168
Member since: May 2009

The only problem is the increase in unemployment. Then you add to that a tightened leverage market and you will end up with a continuous drop in housing prices until the job market turns around.

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Response by truthskr10
almost 17 years ago
Posts: 4088
Member since: Jul 2009

6 million foreclosures expected over the next 3 years

http://therealdeal.com/newyork/articles/six-million-foreclosures-expected-in-next-three-years

Will the bulls continue to deny this holocaust? :O

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Response by tobytoby
almost 17 years ago
Posts: 168
Member since: May 2009

Who is going to absorb that many homes. I assume they'll just bulldoze a bunch of them.

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