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Blog entries tagged with "households":
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"Overall, the net effect of the surging real estate market...is that the financial well-being of American households hinges...on the continued strength of property values. And...many Americans have taken on mortgages that exceed the true market value of their homes, thanks to appraisal fraud."
For the last 5 or 6 months the continuing low mortgage rates have not led to more buyers -implying that there was an issue of confidence, or lack thereof - in the homebuying decision. The media report of the "worst housing market conditions since the early 1990's", or "worst market since … (3 comments)
Originally posted on HomeFinancingNews.com
Another housing report has emerged stating what many mortgage professionals already know: the American housing market is being bogged down by high inventory and a sharp drop in demand.