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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (46425)12/30/2005 8:07:48 PM
From: HankRespond to of 306849
 
I'm still waiting for that bonus check from Home Depot.

Or at least some bulk discounts for crying out loud!

Happy New Year!



To: bentway who wrote (46425)12/30/2005 8:20:34 PM
From: KMRead Replies (2) | Respond to of 306849
 
Come on down to Big D. All the foreclosures you want!

From today's Morning Snooze:

Near-record-low interest rates and an improving economy weren't enough to put the brakes on North Texas home foreclosures.

More than 32,000 homes in the Dallas-Fort Worth area were posted for forced sale this year by lenders, an increase of 4 percent from 2004.

That's a whopping 55 percent jump in foreclosures from 2002.

Real estate analysts blame the home loan defaults on record-high credit-card debt and continued corporate cutbacks.

Another factor is that many marginal homebuyers have used "creative" mortgage plans to get into houses they can't afford.

Expect more of the same in 2006.

January's home foreclosures are already up 4 percent.