Two days, two economic forecasts; the first which we reported on
earlier from the National Association of Realtors (NAR) showed a rapid
deterioration in the confidence that association's economic advisors have
in the near future of the housing industry. Now we have the June Economic
Outlook from Freddie Mac.
Freddie Mac's monthly offering always has a theme and it is more than
a little disquieting that the motif for June appears to be "not every
house needs to be foreclosed."
This is really not an overstatement. The Outlook states that, in the
subprime market, 1 in 13 homes are candidates for
foreclosure. It further quotes the....
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