http://www.foreclosuredataonline.com/blog/foreclosure/foreclosure-forecast-for-the-year-of-2008/ All about the foreclosures business. Foreclosure News, Foreclosure Listings, bank foreclosures, foreclosure homes, hud homes and much more. You article and news source. Thu, 12 Nov 2009 23:13:05 -0800 http://wordpress.org/?v=2.8.4 hourly 1 http://www.foreclosuredataonline.com/blog/foreclosure/foreclosure-forecast-for-the-year-of-2008/comment-page-1/#comment-1755 foreclosurefish Mon, 11 Feb 2008 23:14:45 +0000 http://www.foreclosuredataonline.com/blog/foreclosure/foreclosure-forecast-for-the-year-of-2008/#comment-1755 High double-digit declines are simply amazing, but after the high double-digit increases over the previous 7 years or so, it's not as surprising as it could be. Twelve to 20 or 30 percent are the decline rates that I've heard most often, and those come from the optimists. Economists like Peter Schiff and other pessimists are predicting more than 50% drops in some areas, and Jim Cramer has effectively said that 100% of the subprime mortgages made in 2006 will end up in default. Not a very pretty outlook at all. High double-digit declines are simply amazing, but after the high double-digit increases over the previous 7 years or so, it’s not as surprising as it could be. Twelve to 20 or 30 percent are the decline rates that I’ve heard most often, and those come from the optimists. Economists like Peter Schiff and other pessimists are predicting more than 50% drops in some areas, and Jim Cramer has effectively said that 100% of the subprime mortgages made in 2006 will end up in default. Not a very pretty outlook at all.

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