Monday, January 30, 2012

UWG Professor says more foreclosures are likely

BY WINSTON SKINNER

THE NEWNAN TIMES-HERALD

Cowetans can expect to see more foreclosures in coming months.

Dr. Joey Smith, associate professor of economics at the University of West Georgia, told the Newnan Rotary Club on Friday that the issues affecting the housing market are longterm and deep -- and that a new round of foreclosures is likely.

"Right now we still see real problems in the housing market, and that's not going to slow down anytime soon," Smith said during the luncheon meeting a Newnan Country Club.

Read more: http://www.times-herald.com/Local/UWG-prof----says-more-foreclosures----are-likely--2051024

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