Tips for Surviving the Housing Market

The typical suburban home -- a two-story, three-bedroom, two-bathroom space -- cost $230,400 in July 2006. In August 2011, that same house cost $168,300. Those are just a few of the alarming new statistics about foreclosures that are a harsh reminder that American homeowners are still in the midst of a housing crisis. In addition to the 27 percent decrease in value over five years, more than 12 million American homeowners are seriously underwater on their home loans, meaning they owe at least...Full Story
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