Housing: Rent or Buy?
The housing market is in a free fall in many parts of the country, with prices dropping between five and 20 percent, depending on the region. In some areas, foreclosure filings are 90 percent higher than this time last year. RealtyTrac.com reported a total of 239,851 foreclosure filings — default notices, auction sale notices and bank repossessions—during the month of August 2007, up 37 percent from the previous month and up 112 percent from August 2006.
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