Interesting article attached here called Housing Bottom Nowhere in Sight. It discusses the housing market and the false bottom we find ourselves in today. Key points:
*On average, homeowners have the least amount of equity in their homes on record
*21.9% of homeowners are underwater, 41% of all homeowners with a mortgage are underwater
*Housing prices are still projected to drop another 10%-20%
*Alt A mortgage resets are expected to peak in 2013, default rate today is already at 20%
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