Tuesday, March 27, 2007

Even More Housing Inventory!

Here's a shocking theory: net home ownership in the U.S. will DROP by one million households! As if top-heavy new construction inventory and shrinking numbers of potential borrowers aren't enough for this beleagered market. Imagine adding another 1,000,000 homes.

Here's the full story: http://money.cnn.com/2007/03/27/real_estate/subprime_losses_spike/index.htm

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