Foreclosure Predictions: Is the Housing Bust Over?
Jun 6th, 2008 | By Marc | Category: Featured, Financial NewsWith the housing crisis in full swing Americans are frantically searching the internet for foreclosure predictions.
Foreclosure predictions, of course, have a nasty habit of turning out wrong.
According to AP, although the foreclosure rate in the US began to accelerate in 2006, “people lost their homes at the highest rate on record in the first three months of this year, and late payments soared to a new high, too – an alarming sign that the housing crisis and its damage to the national economy may only get worse.”