For Housing Crisis, the End Probably Isn’t Near

"The closest thing to a real estate crystal ball in the last few years has been the house auctions that are regularly held around the country."

http://tinyurl.com/d5lob9

In recent memory, foreclosures and related auction activity were discussed then dismissed by Newton residents as something happening to others, elsewhere. The recent emergence of foreclosure auctions in Newton is unsettling, but is it a trend?    

FYI: Newton, Real Estate: Foreclosure Auction Info: 109 Comm Ave, Newton, 4/27/09 10AM, SF 4 bd, 3.5 ba, 2,190 sf liv area, 7,825 sf lot.