From Calculatedriskblog a great post and several charts on how the home foreclosure and delinquency rates keep rising. Go over and read the entire post.I agree with Calculatedrisk, until the deliquency rates start dropping we won't see any meaningful recovery in home prices.
I'll go you one further - you won't see a drop in delinquencies until you see a drop in the unemployment rate.
ReplyDeleteUh oh. That could take a while :(
ReplyDelete