Housing Crisis Worst in 50 Years

Well the smart people at Harvard have chimed in on the housing crisis with the following:

Boston, MA (AHN) - The current housing crisis appears to be the worst faced by the nation in 5 decades, according to the Harvard University's Joint Center on Housing Studies released Monday.
In its yearly State of the Nation's Housing report, the university wrote, "The national median single-family home price fell (for) the first time in 40 years of recordkeeping, leaving several million homeowners with properties worth less than their mortgages."
Home prices have tumbled down by over 18 percent since the last two years, while foreclosure rates hit a 34-year record-high. As a result there are over 10.7-month supply of unsold existing units and another 11-month supply of new homes, which is a 30-year record.
The Harvard researchers do not yet see an end to the housing crisis plaguing the U.S

http://www.allheadlinenews.com/articles/7011358555

None of this of course will come as a surprise to struggling homeowners and anybody whose profession is impacted by the housing market. Whether you are in construction, a realtor or a title attorney everyone has felt the pain effects of the downturn. One thing at UpsideDownFlorida we stress is that you are NOT ALONE. The housing crisis has crippled families financially indiscrimenently and shows no signs of letting up. In fact, more than 1 and 10 homeowners are currently late on their mortgage. There are however options that will provide relief to homewoners and our team of mitigation specilaist will be happy to answer any questions you may have. 1-866-60-MODIFY or info@upsidedownflorida.com.