Housing Bubble to Bust…

Snippet:
When housing markets were hot, homeowners could often avoid default through
two ready made options, according to Sharga: They could sell to a ready
market or they could use the increase through appreciation in their equity
to refinance their homes. Increasingly, both those options are evaporating.

Full Article:
http://money.cnn.com/2006/09/13/real_estate/foreclosures_spiking/index.htm?s
ection=money_news_economy

Chicken Smith View:
I just scanned my local newspaper and saw tons of foreclosure notices I hadn’t noticed before. Was I simply not looking for them or are there now really two pages worth of foreclosures during a weekday edition?

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