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Piedmont Real Estate Blog

Blog by Julie Emery
Amissville, Virginia

An ongoing dialog on real estate news, opinion and trends in Northern Virginia and the greater Piedmont area.

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Piedmont Real Estate Blog

Foreclosure Reality

Apr. 29, 2008
Categorized in: Mortgages

The Federal Government, through the Hope Now initiative, has been painting a surprisingly rosy picture of the number of homeowners they've helped.

The real numbers show a lot less reason for optimism.

Unless someone figures out a way to keep people in their homes and stop the downward spiral of prices, we've got a ways to go in this downturn.

The preliminary numbers I've looked at for April confirm that things are not looking up. More on that next week.

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