While it's not time to think the housing market has recovered, this does not look like a trend of a market in freefall as the bubble-heads would have you believe. For some reason they did not post this story. Foreclosures will still see some increases, but we are coming off historically low foreclosure rates.
To: Always Right
Many people were doing their income taxes in April..found out they were getting refunds, and were able to get the instant loans to defer the inevitable for a few months. Watch..it goes back up in May, and really spikes up in June..
2 posted on
05/08/2007 8:19:41 AM PDT by
ken5050
To: Always Right; ex-Texan
... this does not look like a trend of a market in freefall as the bubble-heads would have you believe...Paging ex-texan!
4 posted on
05/08/2007 8:54:57 AM PDT by
FReepaholic
(If Cho had a nuclear weapon instead of guns, would he have used it?)
To: Always Right
Our beloved new Governor,Coupe Deval,has essentially declared a moritorium on foreclosures in Massachusetts so that state officials can investigate "unfair lending practices".
This,no doubt,will make it *real* easy for folks to get mortgages in the future.
5 posted on
05/08/2007 9:00:57 AM PDT by
Gay State Conservative
("The meaning of peace is the absence of opposition to socialism."-Karl Marx)
To: Always Right
Silly FReeper.
That’s not the big economic news.
The big economic news is that unemployment is up (by one ephemeral way of looking at it) and so are gas prices (nevermind this is motivating us to free ourselves from influences if Mohammedan oil nations).
7 posted on
05/08/2007 9:09:27 AM PDT by
unspun
(What do you think? Please think, before you answer.)
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