As the Treasury Department training company, Goldman Sachs, records incredible profits, the housing market is fighting a battle to save the economy. The 275 billion that the Federal Government allocated to infuse into the housing market is failing to get into the hand of the borrowers. It is staying with the bankers paying down their debt and fix their bottom line.
Read more »Housing Plan Stuck, National Recovery In Hands of Real Estate Market

Category: Economics and Statistics Tags:
Foreclosures stymie efforts to revive economy
More than two years year after the housing market tanked and the foreclosure rate began rising, the ongoing wave of distressed home sales is weighing on house prices and crimping a long-awaited economic recovery.
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Category: Foreclosures & Short Sales Tags:

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