Two critical indicators of the nation’s housing market is getting worse in recent months, ratcheting up pressure on guidelines makers for lawsuit to curtail the growing housing predicament and its expanding influence on the nation’s financial system. Together with the most recent difficulty signals are the number of homes entering foreclosure. In its evaluation, it rose to the maximum level on record in the last quarter of 2007. In the meantime, homeowners’ divide up the equity in their homes fell to a post-World War II low. The unsolicited disparity provides severe evidence of how declining home prices are weighing on consumers.
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