Wednesday, February 2, 2011

Housing Armageddon: 12 Facts Which Show That We Are In The Midst Of The Worst Housing Collapse In U.S. History

NOTE: If you have not been reading up on Foreclosures and Evictions then you must read up and get current with news. My sister blog Foreclosures, Evictions and You has lots of great material, mainstream news and observations from local Foreclosure Defense.

The article below is a MUST read for anyone owning a home right now - or wanting to own a home. WE are in the largest land grab in America, with Government taking control and not preventing fraud. Our rights are being eroded in every way possible including our civil rights to jury trials or legal defense against abuse. Get the word out and share some articles from these blogs as well as other writers. On both blogs if you click title link it will take you to original source if there is original source.

Housing Armageddon: 12 Facts Which Show That We Are In The Midst Of The Worst Housing Collapse In U.S. History:

The “housing Armageddon” that we have been experiencing since 2007 is going to get even worse in 2011.


"Many analysts are projecting that U.S. housing prices will decline another ten or twenty percent before they hit bottom. In fact, quite a few economists believe that the total price decline from the peak of the market in 2006 will end up being somewhere in the neighborhood of 40 percent.

But whether prices go down any further or not, the truth is that the housing crash that we have already witnessed is absolutely unprecedented.

The following are 12 facts which show that we are in the midst of the worst housing collapse in U.S. history….

#1 Approximately 11 percent of all homes in the United States are currently standing empty.

#2 The rate of home ownership in the United States has dropped like a rock. At this point it has fallen all the way back to 1998 levels.

#3 According to the S&P/Case-Shiller index, U.S. home prices fell 1.3 percent in October and another 1 percent in November" (KEEP READING FOR ALL 12 facts by clicking title link above.)

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