By anonymous 2012 Oct 22, 4:19am 1,466 views 2 comments
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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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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.
Indeed. Biggest legal fraud ever committed on American taxpayers.