Monday, February 21, 2011

AMERICAblog News: Mortgage forclosures match record high

This post makes the excellent point that it is going to take longer than the powers that be think (or will admit) to get over this. They're still foreclosing houses like mad and every one of those drives down prices in the market, which a) keeps solvent people from selling and b) drives the insolvent or semi-insolvent into foreclosure.... A mad cycle that won't end soon.

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