Jul 09
For all those that believe that the housing market has bottomed in the Phoenix area, I have a question. What do you think happens to the mortgage of these folks? [ Thanks L! ] Phoenix-area bankruptcies doubled in June for the second consecutive month, and mounting job losses suggest the number of filings could grow before conditions improve. Reflecting the Valley’s depressed housing market and weak job picture, bankruptcy filings are rising much faster here compared with the number of
