Housing market crisis still not at an end

Even as we reach the end of 2010, the housing market crisis is still continue and forecasts state that it will get even worse. 59 million homes in the United States have lost their value and 75 million Americans are living a nightmare regarding the housing downturn. In other words, 1 in 4 Americans have mortgages that are upside down and more is owed than what the homes are worth.

Constructing new homes is a thing of the past and may be for a while to come. It’s even cheaper to tear down the homes than it is to complete the building of finished homes. One bank in California paid to demolish sixteen homes that were not complete as it was cheaper to get rid of them than to complete and maintain these houses. Empty subdivisions and residential areas resemble ghost towns as six million homes have been lost through foreclosures during the past three years. This results in even more decreased home values.


About Stephane Manos

Stephane Manos has developed several online companies. While working as an online entrepreneur, he fell in love with the sales aspect and recruited some of the best clients and affiliates the companies have ever had. The fun, he found was in building the connections and relationships. One of Stephane's top qualities is being able to motivate. He found a passion in motivating others which in return motivated him. Happy colleagues and clients would send word-of-mouth referrals and increase traffic to his online businesses. Teamwork is something that Stephane promotes. The focus is not on self or individuals but in working as a team to reach the same goals. It is his role as a leader to lead the team by example. Currently, his interest is in real estate investments and financial investments. He is now looking into emerging markets such as the Middle East. He also believes some of the better deals can be found in certain parts of the United States. Many distressed buyers are looking to liquidate. Developing new online businesses, purchasing commercial and residential real estate, and developing rentals has led him to travel around the world. Stephane Manos contributes a portion of his time and earnings to charitable associations and philanthropic groups. His charities are: -Children's Telethon -AHEPA brotherhood and Shriners -REVIVRE Bipolar Support Assocation
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One Response to Housing market crisis still not at an end

  1. Pingback: Housing market crisis still not at an end | Celebritize You | Lena Hunt

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