huge inventory of homes remain unsold Florida reduces prices, despite assurances Realtor Hype & Media

irrational exuberance, the resilience of marine insurance and media coverage is starting to take their toll. unwarranted conclusions, false assumptions, and the tendency to infinite American prosperity is full collision with reality.

Nobody is buying, but the builders keep building. Wait it out and eventually we will be able to buy homes at half price.

Palm Beach County, Florida, has exceeded one billion dollars in defaulted loans in the first sixMonths of 2007. Imagine that for every property sold, coming in two foreclosure. The Americans certainly know how to live beyond our means is not it?

banks have winked and nodded to the great years, giving unsecured loans and excessive growth of credit. Overseas, international bankers no longer trust to buy U.S. mortgages. We are waking up to the subtlety and seduction techniques. Credit Agencies and consistent with Federal Reserve is also to blame. The government does notshould save the banks with large portfolio of loans deteriorated. We try to do their filthy rich CEOs!

As in the case of unsold homes across the country, American investors with more homes in their inventory needs to go on a crash diet.

CBS and worked for the Miami Herald reported that at the current sales pace, it would be almost three years to sell all the condominiums on the market. For single-family homes, it will take almost two years. recorded in the meantime the dollar is fallingNetherlands.

While bad debts from foreclosures in the subprime market has caused continued unabated, the government is trying to catch up to do something about it. The problem is that it is a bit 'late to the problem without having to deal honestly with unethical shops in the center to solve the problem.

The Florida legislature to change the state property tax system is a drop of relief, but not enough to stop the appearance of large amount of foreclosuresthroughout the state. At home with excessive inventory and condominiums, some say it would normally take 6-12 months for everything to move in the optimistic scenario.

For myself, I must say that up shrink before the market resumes again. For this to happen, you need to sell investments to more homeowners looking proud and emotionally ready to drop prices in order to meet demand.