Scary math: More homes, fewer buyers
How the subprime crisis may impact housing market:
Scary math: More homes, fewer buyers
Excerpt:
Subprime lenders are already getting crushed, but the impact rising mortgage delinquencies will have on home prices overall is still an open question.
At a minimum, it means financing is drying up for those with less-than-perfect credit and that spells fewer home buyers.
Subprime fears spark global sell-off
Comment: Time for safe investments!
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