Neighborhood improvement programs are a bust. Financial firms are doing very little or nothing to help stop foreclosures, so consumers are now falling behind on home mortgages. Folks this is an indication that we are moving from severe recession into deep depression. Sadly, our falling housing prices have yet to hit rock bottom.
Future Real Estate is a new area to be explored. What trends do we see in the days to come? Well, smaller more energy efficient homes, because one reason for foreclosures is the high cost of heating a big house. Also, a move away from devastated cities to small towns.
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