American has been shaken by the sub-prime market collapse, in turn creating a major financial crisis. Lenders were giving out too much money to those with poor credit and now they cant repay their loans, creating a huge problem for todays home buyers.
Daily Archives: April 13, 2009
Milton Keynes is a very well planned town in the middle of the state that serves to house people who not only desire to work in the big cities like London or Birmingham, but also desire the quiet town lives for their family. With amazing parks, roads, schools, and hospitals this is an amazing city to reside in, and at the same time is close enough to all the big cities which makes it truly possible for you to travel to work daily.
Moving? Why not Milton Keynes!
So much news coverage has been given to the housing crisis, to which not many economists attribute the Global Economic Recession to. Record numbers of foreclosures have discouraged prospective homeowners from buying their dream homes; for fear that mortgages will just become unbearable as the economy continues to decline, which will most likely lead to repossession of their houses. The answer to such fears is lower mortgage rate.