Not good new in from Yahoo Real Estate News-
I guess we all kind of know this all ready that most home owners are using their homes as ATM- Sacramento, California is at the top of homeowners in Debt
This marks the markets one more time with highest concentrations of homeowner in debt. In these spots, prices are dropping, making it very difficult for homeowners to refinance as lenders are reluctant to take on risk. Seattle Washington does not make the top ten but very close 13 Not great news just look at the building we are doing here in Seattle
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