“Has Chicken Little Struck Again or Is the Sky Really Falling?” - 09/29/07 11:57 PM
Greetings from Park City, Utah.
 "Has Chicken Little Struck Again or Is the Sky Really Falling?"  The latest UCLA "Anderson Forecast" stated the nation's economic performance was "near recession".  Many of the report's dire predictions were picked up by the media, including: 
An expected drop in home prices through the end of 2009, particularly in Florida, California, Arizona, Nevada and parts of the Northeast.  Fewer qualified home buyers as mortgage lenders lean towards full documentation, larger cash down payments and higher income standards.  Working families with "middle-of-the-pack home prices and extremely high usage of adjustable-rate mortgages" would be most susceptible to foreclosures. What … (5 comments)