Jacksonville Real Estate Market

Jacksonville, Florida

Mortgage Defaults Drive Consumer Spending: Experts Weigh In

I opened up a big can of debate Monday, when I repeated some chatter around that consumer spending might be juiced by all those folks not paying their mortgages. They have a little extra cash, so they’re spending it at the mall.

Mortgage Defaults May Be Driving Consumer Spending

Hate to be an “I told you so…” Lender Processing Services just put out its “Mortgage Monitor Report,” and we have a new record: The nation’s foreclosure inventories reached record highs.

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