| 30.12.2009 - US housing market recovery damped by still-rising delinquencies |
| From WSJ: Investors appeared to take a report on flat U.S. home prices in stride Tuesday, but still-rising mortgage delinquencies signal more foreclosures, damping hopes that the housing market is recovering. "Delinquencies are a precursor to foreclosures," said Cameron Findlay, chief economist at LendingTree.com, in an interview Tuesday. "We're not seeing any decreases in delinquencies, which is very concerning.".........................................Full Article: Source |