Housing Slump may persist through 2009
Many people are wondering just how long this housing slump will last and when the forelcosure numbers will reach their peak. Many factors will come into play affecting these numbers such as the goverment stepping in to solve some of the subprime lending issues. Credit rating agency Moody's Investors Service says it will continue through 2009! IdahoDataProviders.com has updated its August stats for Notice of Defaults filed but read the attached article for a national overview.

Moody's Warns Housing Slump Will Persist

Posted by Charlie Nate at 9/11/2007 11:16:00 AM
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Comments (2)
Re:Housing Slump may persist through 2009
Great stuff!
Posted by on 9/12/2007 9:24 AM
Re:Housing Slump may persist through 2009
All very distressing...

Everyone wants to know how this shakeup is affecting the rest of the economy. Personally, I would like to know of what new homebuyers and "refi"ers are experiencing now from lenders and also, if remodelers are seeing any gains or increased activity.

I know the commercial construction market has also posted smaller spending numbers...(similar to housing; drastically down from previous months records)
Posted by on 9/12/2007 3:03 PM
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