January house sales rise – Housing market crunch over?
October 10th, 2010
Hardly for the instability is very much far from over with many financers declaring losses in the millions of dollars. Insurance firms reeling in resources from the housing insurance market and refocusing them on other areas which are more profitable such as in Florida where a major insurance firm is said to be leaving 50,000 home insurance policies waiting for them to expire and not offering to renew. The government has announced plans to provide safety measures to prevent further foreclosures but that might come a bit too late for it to make and impact. Even the re-funds that are being given to Americans may not be much to help them through the mortgage rut the industry is in.



