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10/17/09
Flood of foreclosure resales overshadows housing market
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:09 pm

Home-foreclosure activity has spilled across every geographic and socioeconomic border this year, proving that no community was too cautious, clever or well-funded to remain unscathed.

Subprime lending gave the home-foreclosure crisis its initial push, but the problem could not have reached existing proportions without feeding on a host of broader economic problems, according to real-estate experts responding to the latest Valley Home Values data, provided by Information Market.  more…



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