Monday, December 15, 2008

The Unemployment Conundrum

It's a vicious circle out there.

Layoffs Now Main Factor in Foreclosures

I can't even keep track of how many people I know have been laid off in the last month, and a few of them are already having trouble paying the mortgage: "Unemployment is now the cause of almost half of all foreclosures on conventional mortgages, raising concerns that mounting joblessness will stall any housing recovery and could cause more foreclosures next year.The increase in unemployment as a cause is [...]


Post a Comment