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Saturday, December 29, 2007 

Real estate prices have fallen acro the United States, and most rapidly in the location that were t

Real estate prices have fallen acro the United States, and most rapidly in the location that were the parts of the real estate bu le going up the most rapidly in the last five years, such as Florida, Arizona, and the Boston, Ma . area. Still, some areas must be better o ortunities for new buyers. After all the question remai , has the bu le gone down far enough, or does it still have a lot more to go. In any case, you have to live someplace, so you may be likely to buy a house or apartment somewhere anyway. If you live in some areas, like much of u tate New York, there may never have been much of a real estate bu le to worry about in any case.

On the other hand, on the Jersey Shore, and in suburban New Jerseys Bergen and Pa aic County, near New York City, a real estate bu le has definitely been built. For example, on the Jersey Shore (New Jersey), not far from New York City, the foreclosure rate on homes is climbing in some fairly ritzy neighborhoods. The foreclosure rate has doubled both there, and in nearby Bergen and Pa aic counties.

Some sub-prime mortgage lenders sound weak and some are actually closing up shop. This is becoming a major financial development. H

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