Real Estate Home Mortgage-related writedowns ins the banking industry were more than $40 billion in the third quarter.  Home losses in the real estate market could produce an even worse fourth quarter. Bank of America, Wachovia, and Citigroup Inc. have said may write down $11 billion and Morgan Stanley may write down $6 billion in the fourth quarter.
The Arizona real estate market continues to struggle.  In a search of houses priced between $300K to $325K, approximately 25% of <a href="http://www.kay-lee.com/azmesa.htm">Mesa Arizona</a> homes selling are either short sales or bank owned.<br><br>
To make comments, provide more info, or ask questions about Mesa Arizona real estate investments, relocations, and assistance buying a home in Arizona, please visit <a href="http://mesaarizonarelocation.blogspot.com/">Mesa Arizona Relocation</a>.<br><br>
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