First Half of 2009 Results in High Foreclosure rates
A High 1.5 million homes saw foreclosure in the first half of 2009 along and more are expected to come. Analysts are seeing figures of as much as 65% of all refinanced homes again to fall into foreclosures as the housing market continues to stumble, unable to recover from this recession. Median home prices are on the rise and Wall Street seems to be gaining ground, but economists say it is time to be cautious for this has happened before and best be cautious than again sorry for a failure of the economy to follow up on gains made. Hopefully the gains made would stay and as most people expect it to, continue improving to get recover on track.
