The World According to Tempus

Countrywide foreclosures

The carnage in residential real estate  continues in earnest... We haven't seen the bottom yet, as new foreclosures continue to add to the stockpiles of unsold homes. And we can expect another year of growing foreclosures as more ARMs get reset, which is expected to peak in spring 2009.

Here is an interesting blog that keeps track of events in the residential mortgage market.

http://countrywide-foreclosures.blogspot.com/

I'm back!

Sorry to everyone who were hoping for more activity on my blog. Life has taken a major turn for me, and I wasn't able to even think about this blog for over a year. I am now back, I have reactivated my account and approved some comments from last year (!).

So much has happened since my last post regarding food prices, inflation, oil, commodities, the real estate/financial meltdown... I have to come back just to brag about having told you so...

Seriously, I still managed to keep up to date with happenings and will be posting some entries soon.

Take care all!