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November 17, 2006
Real Estate Woes
As a result, foreclosures are on the rise. I don’t pretend to know a lot about the economy or the real estate market but I can’t imagine that a huge increase in foreclosures can be good for anyone: many homeowners now have to sell at a loss to avoid foreclosure and will be forced to either rent or buy a smaller home. Those who enter foreclosure run the risk of serious repercussions on their credit report. And a flood of new homes on the market will drive housing prices down… but who is out there to buy?
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Posted on November 17, 2006 05:37 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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