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POPSGovt. Tries to Stop Foreclosures It's a crazy world we live in. All because folks who couldn't afford homes were able to buy homes and bid the prices up due to funky loan schemes. CRAZY in retrospect, eh?
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POPSForeclosures up 90% Those looking for a bottom in the housing market take note: The number of foreclosures has increased dramatically since 2006. One of the signs of a bottom in the housing market will be increasing foreclosures as those in over their heads bail out. Are we at or near the bottom? Real estate sentiment is also very low right now. But housing cycles tend to last a bit longer than the 2 years since the real estate peak. Stay tuned...
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POPSFrom the House's Mouth The housing market peaked in most places sometime in 2005. We're 2 years in, and many are wondering when the housing slump will be over. Or is it more than a slump? Speculation was crazy with low interest rates and risky loan schemes to get folks in the biggest homes that they couldn't even afford. If housing cycles last 5-7 years, we may have more to go.