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.
