I found an article in USA Today which does not bode well for those who need to sell their homes. It looks like the housing downturn will last longer than previously anticipated and the drop in home prices is here for a while. I feel bad for many of the folks who have gotten sucked up in the subprime mortgage mess but many of them new that they were getting in over thier heads when they got the mortgage. I really feel bad for the folks who are seeing their equity erode because of the increases in foreclosures in their neightborhoods. These are the real victims of this.
Thursday, October 18, 2007
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