Underlie Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On a forecast of 3 million total, for 2010. now, this is a housing market which is already deeply, deeply distressed, appears to be actually getting worse. the underlie problem is clearly employment. if you ve got no jobs being created and mass unemployment, then housing gets worse. bill: listen a. year ago, we were all about foreclosures and the year before that, too, and it hasn t gotten a lot of attention so far in 2010. the wall street journal reports today, we re up 6 percent this year alone, foreclosures, higher than a year ago, that s not an improving picture. consider this: for 17 month necessary a row, there have been more than 300,000 foreclosure notices go out. three hundred thousand, every month, for 17 month necessary a row. 20 percent of all mortgage holders are under water. in other words, the home is woart less than the mortgage they re paying. bill: the point you make is ....

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