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Old 08-13-2009, 06:08 AM
 
Location: Raleigh, NC
9,043 posts, read 12,240,069 times
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Still not time to get a house, but we're getting there...

Foreclosure plague: No cure yet - Aug. 13, 2009
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Old 08-13-2009, 06:36 AM
 
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Quote:
Originally Posted by ViewFromThePeak View Post
Still not time to get a house, but we're getting there...

Foreclosure plague: No cure yet - Aug. 13, 2009
The banks are not even putting these homes on the market yet so prices have yet to be affected. Home values probably have another 10-20% drop in many locations. This is going to be a drag on any recovery.
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Old 08-13-2009, 06:41 AM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 20,605,071 times
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Green shoots....GREEN SHOOTS......GREEN SHOOTS!!!!!!!!!

I also believe there was a record number of bankruptcies as well...

It is all good however.
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