The housing industry is going through a crisis. A huge number of individuals holding mortgages are finding themselves unable to pay their upwardly adjusting mortgage payments as I discussed in my earlier post on the credit squeeze, foreclosures and recession. The housing construction has gone into a meltdown with new housing starts at their historic [...]
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CHART OF THE DAY: ARE HOME PRICES FALLING AGAIN?
(THE PRAGMATIC CAPITALIST, 2/24/10)
Even the Dead Cats Aren't Bouncing
(Financial Armageddon, 3/2/10)
The Worst Is Not Over
(Financial Armageddon, 1/2/10)