“just don’t see the market as flooded. maybe there’s not enough people who can get the credit to buy something, but the population isn’t decreasing.”
More foreclosed properties could flood housing market, pushing values down
http://www.oregonlive.com/business/index.ssf/2012/07/more_foreclosed_properties_cou.html
The Foreclosure Forecast for 2012 - Get Ready for a “Flood” of Foreclosures
http://www.youtube.com/watch?v=i7MVyQUgu0Y