April 20th, 2009
Massive Bank Home Sales Fueled Past Movement
Well, the news sounded good at the time, but it seems that movement seen last February might have been due to the massive inventories of homes being sold by banks who have managed to issue tons of bad loans to customers who wanted homes, for which they couldn’t have cared much for at the time due to the housing market boom that was well, booming. The word is fitting for the booming market quickly burst sending millions of homeowners without anything to pay for their home loans. (more…)
