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25,632 Posts.
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22/12/11
08:06
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Hi kingy
USA housing
New foreclosures rise 21% from the previous quarter
--High level of foreclosures likely to continue at elevated level, official says
--Number of completed foreclosures expected to rise, official says
http://www.marketwatch.com/story/new-foreclosures-jump-in-q3-2011-12-21?dist=countdown
This confirms my original report that the housing industry in the USA will not bottom until 2013
Yes Australia is different to the USA but when we are in a boat with a big elephant, whatever it does will effect the stability of the boat
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