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 You are here:  Home > Analysis | Current date: Tue, 11 Dec 2007 10:22:45 | Last updated on Tue, 11 Dec 2007 09:33:00
Saint Joe and the impending global financial crisis
(Information Clearing House) -- The wreckage in the housing market just keeps piling up. Sales of existing homes in October dipped 23.5 percent from last year. Prices on new homes dropped 13 percent year over year. Third quarter foreclosures skyrocketed to 635,000, a 94 percent increase over last October and an all-time high on the misery-meter. The real estate market is in free-fall and the real trouble hasn't even begun yet. California,...


 
 
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