A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted from risky loans to the crumbling U.S. economy.
I assume the 533000 people who lost their jobs in November will lose their home in the next 6 months.
There are now 4.4 million homes for sale.
How to stop the housingprice crash?
I assume the government is considering these "solutions":
a) Open the borders to get an influx of 4.4 million immigrant families to boost the economy
b) Artifically lower mortgage interest rates to 4.5%
c) Inflate the problem away by flooding the system with (printed) money
d) Change current mortgage contracts by issuing perpetual loans at a "low" interest rate
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