The Foreclosure Crisis: The Song That Never Ends?

ANOTHER “SERIOUS” MORNING REBLOG FROM NEWS OF THE DAY

The Inquirer’s Al Havens weighs in on the country’s continued foreclosure morass. While the article isn’t Philadelphia specific, here’s a quote from Jed Kolko, chief economist for Trulia, the real estate website: “Furthermore, the foreclosure inventory remains high in judicial states, mortgage credit remains very tight, and big future housing-policy questions are unresolved,” Kolko said, and “normal remains many years away.” Trulia, by the way, lists 8,807 foreclosures in Philadelphia, to bring the story closer to home.

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