Housing prices continue to decline
In all countries have faced a sound record in the number of CT foreclosures over the last few years. We were hit with the greatest increase in mortgage loan defaults in the post-war history. Foreclosure has increased 300% since 2005. How much longer will housing prices continue to decline, foreclosures are at an all time high? People are losing their homes are up 71% from a year ago, and the number of people behind the ever-increasing mortgage payments. There are 1 million homes in foreclosure in the first quarter of 2008, which is the highest level ever. Unfortunately this number is expected to increase before we see improvement in the market.






