Which came first, the chicken or the egg?
Are soaring bankruptcy rates a result of the housing market mess,
or is the housing market mess causing the soaring bankruptcies?
There have been 1.18 million personal bankruptcy filings through Oct 2009, and the American Bankruptcy Institute is predicting over 1.4 million new bankruptcy filings by year end. Yikes! Here is a chart from CalculatedRisk.com that shows bankruptcy filings by state. Idaho is 21st on the list.
It's a vicious cycle with no end in site.
Bankruptcies ~ Unemployment ~ Housing Crises ~ Home Value Decline
One feeds the other and round and round we go... Plan your housing strategy accordingly.
Knowledge is power, give me a call to discuss your best course of action based on YOUR circumstances!
Janna Rankin Scharf provides a superior level of real estate services to home buyers and sellers in Coeur d'Alene and Kootenai County, Idaho. Visit Janna.ServingNorthIdaho.com to search for homes in the Coeur d'Alene MLS for anywhere in spectacular North Idaho.
No matter how grand or modest your real estate dreams may be, you can turn to me in confidence. Give me a call today and let me know what I can do to be of service to you!
Janna Rankin Scharf AB, GRI, CSP, CNS, CLHMS 208.651.9700
Subscribe to North Idaho Janna's Coeur d'Alene Idaho Real Estate Blog by Email