Hate to mess up a good Saturday, but this blogger seems to know what he’s talking about. And he’s not painting a good picture for the housing market. Not now. Not anytime soon.
The Foreclosure Picture Worsens: An Ugly Spiral
The foreclosure picture worsens, with no end in sight, as USA Today reports: Number of U.S. homes facing foreclosure doubles: LOS ANGELES — A soaring number of U.S. homeowners struggled to make mortgage payments in the third quarter, with properties in some stage of foreclosure more than doubling from the same time last year, a mortgage data [...]
Of course, this isn’t helping any, either…
Oil And Gold Surge To New Highs
The commodities markets rallied Friday as the dollar skidded to fresh lows, driving investors to seek an inflation hedge in holdings of crude oil, gold and other raw materials. The greenback tumbled to a low against the euro as investors looked [...]
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