Home › Forums › Housing › Home Prices Plunge Across California › As I posted on another
As I posted on another thread:
” Meanwhile, in 2007, about 45 percent of foreclosures were on prime, near-prime or government-backed mortgages, he [Bernanke] added.”
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The foreclosures have only started. Don’t think that only the low-income will be affected.
6 months from now, house prices will drop even more as the foreclosures entering the pipeline make it onto the MLS.
