2.2 million American households will lose their homes
A new study by an industry watch group claims that 2.2 million American households will lose their homes and as much as $164 billion due to foreclosures in the subprime mortgage market. The group goes on to claim that one in every five subprime loans outstanding will result in a foreclosure. Considering buying or selling San Diego real estate, Bob Schwartz, (619-286-5604) certified residential real estate broker can insure that you get the best possible deal! [tags] foreclosures, home foreclosures, housing market, San Diego real estate agent, mortgage loans, home loans, real estate market [/tags]
4 Comments
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I agree with you! 2007 will be a very sad year for many homeowners!
Larry
Many are really under-playing this loan issue. A wake up call for many California homeowners will soon be upon us! Gale M.
In the long term real estate always bounces back and people should take advantage of these slow periods if they really want to get a good return on their investments.
Addison
San Diego California Dentistry
Real estate should always be thought of as long term investments. People who buy properties whether in San Diego or anywhere else must realize that the potential for loss is ever present.
Alex
San Diego County Law