Coldest Winter Ever
10 December 2008
That’s what this season turned out, and it’s not just the weather but the atmosphere in the real estates business as well. There are thousands of people losing jobs daily, companies shutting doors and more economic troubles. Fannie Mae says the slump is far from over as he promises not to kick out people from their foreclosed homes.
Recession has gripped the nation and the rest of the world and homes empty-up as foreclosure rates climb. No end is in sight but the Inauguration of President Obama might just be the change needed for the economy, just hope his promise of change can resurrect the ailing industry with proper aid and laws to avoid future market crashes. Banks stop lending to cut losses as forecasts see deepening misery.
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