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Pig in the python coming for house prices.


By kochevnik   Follow   Tue, 3 Apr 2012, 6:01am PDT   618 views   1 comment   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.bloomberg.com/news/2012-04-03/home-prices-seen-dropping-10-in-u-s-on-foreclosures-mortgages.html

Woo-Hoo !!! Housing prices are gonna go to the moon !

Or not.

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As many as 1.25 million of America’s least cared for homes are headed for auction after a year-long probe into foreclosure practices kept them off the market.

Sales of repossessed properties probably will rise 25 percent this year from 1 million in 2011, according to Moody’s Analytics Inc. Prices for the homes could drop as much as 10 percent because they deteriorated as they were held in reserve during investigations by state officials resolved in February, according to RealtyTrac Inc. That month, 43 percent of foreclosures were delinquent for two or more years, from a 21 percent share in 2010, according to Lender Processing Services Inc. in Jacksonville, Florida.

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Mr Happygoluckofus   befriend   ignore   Tue, 3 Apr 2012, 6:12am PDT   Share   Quote   Like (1)   Dislike (4)     Comment 1

kochevnik says

after a year-long probe into foreclosure practices kept them off the market.

Sometimes when I read the pathetic words that compose the news about our inept government. I want to weep like a school girl.

"I'm going to get to the bottom of this, and I'm going to take my sweet ass time doing so, so you can keep doing what you're doing, while we're not doing what we're NOT doing. Wink Wink blink blink"

I should get in Government, I wouldn't have to do anything.

Think I'll answer this job ad I found on CL http://www.fairsharealliance.org/jobs

then use the opportunity to spread the word about the good work Mitt Romney is doing.

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