The figures doesn’t look good, anybody can see:

1. 53% is the growth of the number of mortgages executed due to thye fact that the owners didn’t pay the debts in comparison with June 2007, in the 6th month of this year being took-over by the banks 252,363 properties according with US Foreclosure Market Report.

2. 1.6038 USD/ EUR was the exchange rate at 15th of July, 2008, the lowest quotation of USD vs Eur since the Eur currency was introduced – 1999.

3. 1-1.6% the growth of GDP in 2008 estimated by the governors of Fed system at the beginning of July, in the mentime the consumption prices are expected to increase with 3.8 – 4.2 %.

4. 5% in the growth of consumption prices in June 2008 in comparison with June 2007, the most spectacular increase especially due to the increase of prices at energy with 6.6%.

5. 5.3% is the decrease in number of unifamiliar houses in June 2007 comparing with June 2007, which is the lowest evolution in the last 17 years. These figures are adjusted based on a sesonality basis.

6. 400,000 is the estimated number of American citizens who succeded to keep their houses this year due to tha fact that the interests of the mortgages were frozen by the state, from a total amount of 3 million debtors with credit problems.

My personal advice for people involved in such problems with their own houses or with their investments in real estate is to learn asap survival techniques, recovery strategies and to repositionate themselves from specialists like the ones from Trump University, International Living, or LiveandInvestOverseas.com.

When there is a crisis period, the first sign is that people stop eating at fancy restaurants as before. We saw that big chains of restaurants in US encounter traffic problems and they are with one foot in the banccrupky hole. I talk here about the middle class, mass market people. And also, when a real estate market is in a pre-decreasing stage … TAXI DRIVERS ARE GIVING REAL ESTATE TIPS during discussions with the travellers. This last statement works in every state of the world.