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Ongoing Debate: Will Stopping Foreclosure Help The Housing Market?

By Implode-Explode Heavy Industries

"Housing economists and analysts go back to the question of whether it?s still worth saving the current market or if it?s better to let the market free fall and think about the housing market?s future. Though it is admirable how some homeowners are currently fighting off dubious foreclosures, this move has perverse effects on the housing market in general. Most analysts will say that the housing market has to hit rock bottom for the economy to ever have hopes of recovering again; with the recent legal mess over foreclosure filings, finding bottom gets impossible."

Full post as published by Mortgage Lender Implode-o-Meter on September 28, 2010 (boomark / email).