Must Read on Market Conditions

I highly recommend the following article. Here's the teaser paragraph:

"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."

Here's a link to the full article: http://www.mortgagenewsdaily.com/6112007_Subprime_Spillover.asp