Daily Archives: May 8, 2007

U.S. foreclosure rate doubles in a year

The US housing market continues to fold as reported by Bloomberg this morning.  http://www.newsday.com/business/ny-bzfore5203745may08,0,4007906.story?coll=ny-business-print Meanwhile in other parts of the world the bubble is still billowing,  See London Housing Gap Sparks `Gazumping' Epidemic of Bidding Wars  http://www.bloomberg.com/apps/newspid=email_en&refer=economy&sid=aqCYhxafUCWE Sure we all had … Continue reading

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