Wednesday, September 13, 2006

Foreclosures Up

Foreclosures were up in the second quarter, according to today's MSNBC web site. The article states that "new foreclosure figure is still low by historical standards and thus not overly worrisome to lenders. But it suggests that some borrowers are feeling pinched."

In addition, the article says, "Sales of both new and existing homes are expected to fall this year — after logging record highs in the previous five years. The housing cooldown is playing a role in the overall economy’s slower growth."


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