Monday, November 21, 2005

Forced Home Sales Surge

Dallas Morning News | News for Dallas, Texas | Business: "This year's home foreclosure postings in North Texas rose to their highest level since the Texas real estate bust of the 1980s, according to preliminary figures expected to be released today.
Foreclosure Listing Service Inc. cited lenient lending standards and the rising cost of living ? from higher gasoline prices to rising heating bills ? for the increase.
'The general cost of living is substantially more today than it was a year ago,' said George Roddy, president of the Addison-based firm. 'What you have to look at is how that affects people's ability to make "
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