If you're a contrarian, this is a list of opportunities. If you're not, it's just fugly.
...28.4% of all single-family homes with a mortgage in the United States are now underwater. ...In February, U.S. housing starts experienced their largest decline in 27 years. ....New home sales in the United States are now down 80% from the peak in July 2005....According to the Mortgage Bankers Association, at least 8 million Americans are currently at least one month behind on their mortgage payments.
There's more at the link.
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Great time to buy! I close on my AZ palace today. They are nearly giving them away here.
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