Tumbling prices and foreclosure sales by banks may be helping to form a bottom for the housing market, said Brian Bethune, chief U.S. financial economist at Global Insight Inc. in Lexington, Massachusetts.
“People who have been waiting on the sidelines — and there have been quite a number of them — are starting to see prices [...]
Bloomberg has an article about a very significant increase in the number of properties scheduled for foreclosure auction in both Miami-Dade and Los Angeles counties.
“The number of foreclosure sales slated in Los Angeles jumped 63 percent in the second quarter from the first quarter. The figure rose 28 percent in Seattle, 20 percent in Miami [...]
I’ve been seeing quite a few reports about foreclosures with the reports emphasizing thae fact that foreclosure increases are predominately limited to four states. Arizona, California, Florida and Nevada are the states being pushed as having the “foreclosure problem” while other states problems aren’t being addressed. O.K., they’re just four states, right?
The U.S. population is [...]
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