Home Foreclosure Notices Rise 50% In las vegas this march
New Foreclosure Inventory in U.S. Rises Nearly Fifty Percent in March
http://rismedia.com/index.php/article/articleview/9944/1/1
Some 28,190 new foreclosed residential properties were listed for sale
in the U.S. during March 2005, reports Foreclosure.com.
The number represents an increase of 50 percent from February 2005. The
total number of U.S. residential foreclosure properties available for
sale in the U.S. during the month of March was 80,757, an increase of
10 percent from February.
"New foreclosure inventory rose in 47 states in March. This signifies a
national trend in foreclosure inventory and can likely be attributed to
the rise in interest rates during the latter half of 2004, and a
slowdown in the trend of rising home values in the fourth quarter of
2004," said Brad Geisen, president and CEO, Foreclosure.com.
"Foreclosures are most prevalent in areas of the country where home
values are not rising, such as Ohio, Texas, South Carolina and
Michigan. However, if the combination of rising interest rates and
dropping home values continues, foreclosure inventory will likely
continue to rise across the country."
_The Neo Conservative movement in the Republican party was founded
ideologically by Leo Strauss, a "man" who believed that saving his
cowboy image for America was more important than truth or honesty. Since
their inception they have invented imaginary threats to America such as
Rumsfeld's overblown image of the USSR up to Saddam's non existent WMDs.
The story is deeper, far deeper than I have written here in this sig
file. Check out this three part documentary by the BBC to learn more
about it.
http://www.informationclearinghouse.info/video1037.htm
http://www.theocracywatch.org/
_Not only is the California economy reliant on residential real estate,
it's being fueled by investors throwing money at the market. As is
happening in much of the country.
This is going to be a heavy crash. Already Las Vegas is starting to
feel the effects. Their housing market is down 30% this year and prices
are falling weekly.
_Take a look at Las Vegas' current housing market situation if you want
to see a glimpse of things to come.
Investors make up a good portion of the country's housing boom, and
watch as they head for the hills.