Thursday, February 25, 2010
New wave of foreclosures by end of 2010 is feared - latimes.com
I've decided that the forclosure situation is officially unreal. Nearly 1 in every nine California Homes is behind on payments! That's crazy. The sad thing is that as values continue to decline it's going to put even more people underwater. Home values are going to be even less than they were before the boom happened. Just think how much better off the housing market and economy would have been if the housing bubble never happened.