Thursday, October 29, 2009


I suppose this is yet another sign of a recovering economy. The scary thing is that this number doesn't include the houses that have not been foreclosed on yet, the ones that people have not made payments on in a year. The houses the banks haven't taken action on because it would adversely affect their balance sheets.

Lies piled on top of lies. That is all we see from the government, the Fed and the bankers.

"About 18.8 million homes stood empty in the U.S. during the third quarter as banks seized properties from delinquent borrowers and new home sales fell in September.

The number of vacant properties, including foreclosures, residences for sale and vacation homes, rose from 18.4 million a year earlier and 18.7 million in the second quarter, the U.S. Census Bureau said in a report today. The record high was in the first quarter, when 18.95 million homes were vacant. The homeownership rate, meaning households that own their own residence, stood at 67.6 percent."


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