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2). Real Estate Slowdown: Opportunities Ahead By : John Appleseed
With national foreclosure default filings continuing to soar in the five months of 2006, evidence mounts that increasing numbers of U.S. homeowners are struggling to stay current on their monthly mortgage payments.
Now builders are facing a downward market pressure from the rising numbers of foreclosures. As evidenced by the drop in home sales reported by builders, speculators are realizing their "investment" are starting to lose equity as property prices drop, they in turn are forced to lower their asking price.
Article Related to: foreclosure, foreclosure, foreclosure property, real estate investing
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