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Housing market worse off than 4 years ago

By anonymous     Mon, 22 Oct 2012, 11:19am   754 views   2 comments
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http://www.foxbusiness.com/news/2012/10/22/local-housing-markets-seen-worse-off-than-4-years-ago/

Home prices in most U.S. counties are still down compared with four years ago, as high unemployment continues to hobble a full recovery from the housing crisis, said market researcher RealtyTrac. About 65% of county housing markets are worse off than they were four years ago by three of five metrics: home prices, unemployment rates, foreclosure inventory, foreclosure starts and share of distressed sales. Foreclosure data show the rosiest picture, as slightly more than half of all counties demonstrate a lower foreclosure inventory and fewer foreclosure starts than four years ago. "The U.S. housing market has shown strong signs of...

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1. FunTime Follow Befriend (3) 38 threads 801 comments San Francisco, CA

   1   10:16am Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike   Why do articles point to unemployment and other fundamental issues as reasons for housing prices not being where they were four years ago? That makes no sense! Housing prices went up as much as they did because millions of fraudulent mortgages were produced to feed a thriving area of fraudulent investment.

2. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

   2   10:38am Fri 26 Oct 2012   Share   Quote   Permalink   Like   Dislike   FunTime says fraudulent investment. Indeed. Biggest legal fraud ever committed on American taxpayers.