or losing their homes yet
Yes, the foreclosure rate is now increasing rapidly. All of those people who took out ARM's, and specialty mortgages, like no down payments, or speculators buying homes, are now paying the piper as the interest rates have gone up.
Then you'd expect the delinquency rates on mortgages, credit cards and autos to be increasing. It's not happening.
It ain't happening in the grandscale you seem to think it is.
http://www.realestatejournal.com/buysell/markettrends/20060417-reed.html
Hardly what you claim them to be.
