fannie mae: United States Debt - 05/18/10 07:18 PM
 The average price of listed foreclosures is rising.
The distress is moving up the income chain. What started with sub prime borrowers, the loose money and bad loans actually reached consumers at all income levels. 
The pain of losing a home has mostly been felt by the lower income and unemployed, so far. 
Excessive debt to income ratios exists at all income levels. Stable higher income has given many the luxury of postponing the inevitable. The bigger they are the harder they fall, or so they say. 
The headline is deceiving, "The average price of listed foreclosures is rising."  Sounds like … (0 comments)

 
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Chris Miller Nevada Land and Farm Agent

Mesquite, NV

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Vegas Grand Realty and Property Management

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