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The Foreclosure Crisis Isn't Over Just Yet

By Bob Jones   2012 Dec 2, 1:59am   659 views   0 comments   watch (1)   quote      

http://www.forbes.com/sites/morganbrennan/2012/12/01/the-foreclosure-crisis-isnt-over-just-yet/

September home prices were up for the sixth consecutive month. Even in terms of economic growth, housing has provided a so-called bright spot, contributing 0.3% to gross domestic product in the third quarter, according to the Commerce Department. Looking at these relatively rosy statistics, its easy to see why the word recovery is getting tossed around and why many housing-sector stocks have been teetering in over-bought territory. Now, the positive numbers even have media outlets like Bloomberg.

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