Tuesday, April 29, 2008

HOUSING DRIVES THE ECONOMY

U.S. Home Foreclosure Rate Soars 112 Percent- AP
The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left many homeowners powerless to prevent homes from being auctioned to the highest bidder, a research firm said Monday.
Home Prices Plunge at Record Rate of 12.7 Percent- AP
Consumer Confidence Drops to Lowest Point in Five Years-

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