3.13.2007

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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