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after no gain in Jan.1.5 Ml will lose their homes due to Foreclosure!
According to The National Association of Realtors, which frequently trumpets the fact that median U.S. home prices haven't declined since the Great Depression, said yesterday for the first time that they expect prices to do just that. In February the NAR was still calling for a 1.9% increase, but now says prices will likely drop nationwide 0.7% from 2006 levels. This means less eligible buyers, and a rise in foreclosures is adding to the inventory of houses in already over-stocked markets. The report said "fallout from the sub prime loan debacle" will likely delay a housing market recovery until 2008...
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