Economist says: “Expect two more waves of foreclosures…”
Mortgagenewsdaily.com
“While the U.S is currently in the midst of the largest bout of home foreclosures in at least 30 years, at least one economist says two more ‘waves’are likely on the way.
Patrick Newport, a housing economist at Global Insight, said the next round of foreclosures could come over the next several months as a result of continued job losses in the U.S.
In addition to the nearly 660,000 U.S. jobs lost since December, Global Insight is currently forecasting another 600,000 jobs lost over the rest of 2008 and into the first quarter of 2009.”
Advertisement
No comments yet.
Leave a Reply
-
Archives
- May 2011 (1)
- April 2011 (1)
- December 2010 (3)
- November 2010 (10)
- October 2010 (8)
- July 2010 (10)
- May 2010 (4)
- April 2010 (15)
- December 2009 (8)
- November 2009 (5)
- September 2009 (13)
- July 2009 (17)
-
Categories
-
RSS
Entries RSS
Comments RSS
