Unemployment Leads to More Foreclosures Across the Country

June 23, 2009

A new wave of foreclosures is affecting areas of the country not previously hard-hit by the mortgage crisis.  USA Today reports that these foreclosures are different from the foreclosures at the beginning of the mortgage crisis in 2007.  Instead of being caused by risky subprime lending, the recent increase in foreclosures is due to rising unemployment.  In the ongoing economic recession, more and more people are losing their jobs and are unable to keep up with their mortgage payments.

To learn more about how unemployment is affecting the housing market, you can read the entire article HERE.  If you or someone you know is facing foreclosure, contact a HUD-certified counselor.  To find one, call United Way’s 2-1-1 referral service at (800) 427-4626.  2-1-1 can also connect you with resources and information about employment, food, health care, counseling, and other services.

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Fools gold?

March 26, 2009

Something that I’ve found myself joking about recently with my friends is that we should be selling off everything that we own that is made out of gold, whether it be gold bullion or some sort of family heirloom. That got me thinking, with gold at record prices is now the time to sell it off?

Coincidentally, the St. Louis Beacon just published an article that addresses my questions and others. To read the article click here!