A new report projects home-price declines for the next two years. The riskiest markets are in Florida, California, Nevada and Arizona.
PMI Mortgage Insurance says home values could decline across the country for at least two more years.
According to PMI, there's a 34.6% chance on average that home prices will drop in the nation's top 50 markets in the next couple of years.[tags]home values,real estate markets,real estate values,real estate bubble,housing bubble,home prices[/tags] downtown San Diego real estate home prices
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Homes take 18 months on average to work through the foreclosure process.. Imagine what foreclosures will look like 18 months from now!
Daniel
California Implant Dentistry
The Fed has used over half of its available bullets.. and we’re nowhere near the end of this crisis.
Melissa
San Francisco California Law
So how bad is it? I hear all these ramblings, fancy financial terms and so on. But what does it all really mean? Does the US collapse? Do we see soup lines and down trodden people like the experience was during the Great Depression? Seems to me the US financial catastrophe is pretty simple. Our government and the citizens of the US have consistently spent more than they take in. At some point the debt becomes so great we are unable to pay it back, or manage it. When we are no longer able to pay our debts what happens? Do we surrender assets, land and military hardware to the foreign nationals we’ve been burrowing money from over the last two decades? Maybe a fire sale of America? The whole system is a sham and we only have ourselves and those shysters in Wall Street and the Scum of Washington DC to blame..Sorry to say but, neither McCain, Clinton nor Obama will be able to save us from this SNAFU. The concept of uncontrolled spending and deficit through credit has finally caught up with us. This decade is perhaps a time for reckoning in which our short sighted ways and embrace of Wall Street’s psychopathic free market capitalism garnered by greed and unequaled corruption will finally get the best of us..
Jeremy
San Diego County Lasik
Thanks for another good read!