Home Foreclosure Listings Surged in March, Study Shows

[RBHam]

NEW YORK (Dow Jones/AP) - In what could be a crack in the housing market's sturdy foundation, the number of foreclosed homes put up for sale rose 50 percent between February and March, according to a new study by Foreclosure.com.
The increase is one of the biggest monthly spikes Foreclosure.com has seen since it began tracking the market in 1999, according to Jim Houston, vice president of the foreclosure listing service.

The survey, released Wednesday, showed 28,190 foreclosed homes were put up for sale across the country in March, which is 50 percent more than in February.

more about the Bush economy...

http://ap.tbo.com/ap/breaking/MGBFGGY197E.html

[area51]

1. I'm not surprised.

The economy here is in the sh*tter, & our republinazi media isn't talking about it.


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"Prosperity is just around the corner." -- Herbert Hoover
"The economy has turned a corner." -- GW Bush

Herbert Hoover = GW Bush

Neither man cared about the Depression their economic policies created.

[lonestarnot]

2. Just wait till interest rises in the near future...balloon loan payers

screwed!

[durablend]

3. C'mon....look at the bright side

At least those gays STILL can't get married.

Might be important when all those former "homeowners" are living in cardboard boxes.

[lonestarnot]

4. LOL!

[Zynx]

5. The housing market's various regional bubbles will burst.

It is inevitable. Such price increases can only be corrected by a serious drop in prices and that will happen.