Monday, June 8, 2009

Foreclosure crisis spreads from subprime to prime mortgages (USA Today)

The pace of prime borrowers going into foreclosure is accelerating, especially in states with mounting unemployment or property values that saw a big run-up during the housing boom., more 
and $27.4 Billion Slashed Off Homes Currently for Sale Across America (RISMedia Real Estate News)  RISMEDIA, June 9, 2009-Trulia, Inc., known for being one of the best places to start your real estate search, announced that 23.6% of current homes on the market in the United States have experienced at least one price cut, totaling $27.4 billion in reductions. The average price-reduced home has seen a ..., more 

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