US economy seems to be leveling off somewhat. Good for foreclosing homeowners

**AmericanForeclosures.com** · 04-22-2009, 09:55 AM

The US economy seems to be leveling off somewhat according to the Fed. Economic indicators that had been going from bad to worse are showing signs of stabilizing – though still at distressed levels. Five of the 12 regional Federal banks reported a slowdown but the overall economy is still weak. Production in factors and mines dropped 1.3 percent in March. Consumer prices went down and company layoffs are keeping the need raise prices down.

**marf1273** · 05-16-2009, 12:34 AM

Yeah, I sure hope the economic downturn is on its way to recovery. Although experts say it could still be a long way but what matters is that the steps being taken now are the right ones.

**luke8000road** · 05-17-2009, 07:03 AM

yes ,you are right ,this is the best time to go into RE.

**Pardew** · 05-19-2009, 09:26 PM

Well, here is an update on the foreclosure scene :

US foreclosures recorded its highest level in April with 342,038 properties. A 37% increase year on year with every 347 US housing unit to 1 foreclosure filing..