Well, the silver lining is at least homeowners who want to sell or need to cash out of their homes  for whatever reason are being given one more chance to do so and make some good money.  Once interest rates go up, prices will fall yet again, maybe even more dramatically than in 2008.  It's necessary in order to restor...more

It's a shame that the Chinese keep coming here to buy up houses with their $billions and create real estate bubbles.  Don't they realize (or care) that they are messing up our economy again?

I say let the Chinese buy up all the delinquent real estate in North America.  It will assist American banks in clearing up bad loans.  Then pull the rug right out from under them by raising interest rates.  That way prices will drop again but this time  the losers won't  be Americans, it will be the Chinese and other ...more

This is a horrible situation that needs to be addressed at the appropriate time.

If no one has a job how is it possible that housing's on the mend!  Where does one get the money for a downpayment??

Yes and $40,000. of it was my life savings I had invested in Washington Mutual.  And what has the president done about it.....absolutely nothing!