California Association Of Realtors July 2010 Housing Market Update SS Guru

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Good point, though sometimes it’s hard to arrive to definite conclusions

The media accurately reports that the number of homes that are “underwater,” that is, worth less than the debt owed on them, dropped in the third quarter. Once again, that sounds like good news. But because this drop is largely due to mounting foreclosures rather than a rise in property values, what we have is another sign of things not getting better, but worse. People are going to need more help from Brookstone, and others, not less.