Tuesday, March 30, 2010

Rising Mortgage Delinquencies Trigger Further Housing Decline


Sadly, mortgage delinquencies are rising. This means that more houses are being auctioned off by the near bankrupt banks and there is a fall in prices. Also, due to a glut on the market few houses are being built now. Construction workers are finding that there is little work and things are getting worse. Folks, the recovery is a hoax, because we keep sinking deeper into the mire.

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