"Tim" wrote in message
...

On Aug 14, 2:26 pm, hk wrote:

Foreclosure Filings Rise in July
As Credit Woes Continue
By MIKE BARRIS
WSJ
August 14, 2008 7:20 a.m.



I do understand that occasionally there's catostrophic events that can
turn someones economic stature (and portfolio) upside down over
night.

But in many of these housing crunch's both buyer and lender are at
fault.

In other words. "Here's where too fools met."

----------------------------

I was listening to a report on the housing market in our part of the country
today on the radio. Local realtors and banks are reporting a solid
increase in new and existing home purchases over the past two months
following a year or more of declines. Home values are also increasing
again, after months of decline. The report was cautiously optimistic that
we may have indeed turned the corner, and they predicted a slow, but steady
improvement in the months to come.

The market value estimates on our properties bottomed out last April and
have been rising since according to Zillow.com, consistent with the radio
report.

Eisboch