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No Surprise To Me...Foreclosures Are Way Up!
publication date: Oct 15, 2009
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author/source: CJP
If you thought the housing market was getting better,
then you've been listenting to the wrong people and believing lies or
misconceptions.
From CNNMoney.com: "Foreclosures: 'Worst three months of all time" From RealtyTrac.com: "U.S. FORECLOSURE ACTIVITY INCREASES 5 PERCENT IN Q3" From Mish: Foreclosures On Pace To Hit 3.5 Million Mish states in his article: "Moreover, many of those "helped" were probably better off walking away. Meanwhile unemployment is 9.8% and rising. I expect to see close to 11% next year and stubbornly high unemployment for a decade. Good luck getting sustained home price appreciation out of that mix, especially with boomers retiring and looking to downsize. Structural problems are massive." Bottom line...Be wise before you buy!  Christian Economics, Christian Finances, Christian Money, Christian Wealth, Christian Mortgage, Christian Mortgage Advice, Christian Mortgage Counsel, Christian Mortgage Consulting, Christian Investing, Biblical Economics, Biblical Finances, Biblical Money, Biblical Wealth, Biblical Mortgage, Biblical Mortgage Advice, Biblical Mortgage Counsel, Biblical Mortgage Consulting, Biblical Investing, Creating Wealth, Mortgages For Christians |
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