Will consumer spending save the day, as UCLA economists say? I don't think the foreclosures however are related just to falling prices and escalating interest rates, the majority are related to the loans these borrowers obtained and could not sustain when their payments changed, "falling prices and escalating interest rates" is just a roundabout way of putting it.

  Will the Federal Reserve's infusion of $200 billion into the financial institutions prevent a recession? And, did you know that title companies--at least during the hot selling market--have been the source of short-term funds for the Federal Reserve? (I don't think you'll see an article in any newspaper about that.)

See more real estate information about Long Beach California and Long Beach Condos and Homes For Sale

Julia Huntsman, Broker Associate, 562-896-2609