puget sound real estate: Market News regarding Interest Rates - Stay Alive Another 5
- 02/29/08 06:12 AM
In the fourth quarter we saw home prices continuing to decline thereby compounding two of the biggest threats facing the nation's economy: faltering consumer spending and tight credit markets. The S&P/Case-Shiller national home-price index for the fourth quarter fell 8.9% from a year earlier, the largest drop in its 20 years of data. And the Office of Federal Housing Enterprise Oversight's index -- which tracks only homes purchased with mortgages guaranteed by home-loan giants Fannie Mae or Freddie Mac -- was down 0.3%, the first year-to-year decline in the measure's 16 years. When home values decline, owners feel less wealthy and … (4 comments)
Our vision is to help everyone find financial freedom through lifetime learning, passion for excellence, integrity, and trust. Home Ownership Provides Everyone...what dreams are made of. HOPE Lending returns 10% of all revenues to the Muscular Dystrophy Association. Thank you for being part of this and living with a solid contribution in our ever changing Real Estate market.
In the fourth quarter we saw home prices continuing to decline thereby compounding two of the biggest threats facing the nation's economy: faltering consumer spending and tight credit markets. The S&P/Case-Shiller national home-price index for the fourth quarter fell 8.9% from a year earlier, the largest drop in its 20 years of data. And the Office of Federal Housing Enterprise Oversight's index -- which tracks only homes purchased with mortgages guaranteed by home-loan giants Fannie Mae or Freddie Mac -- was down 0.3%, the first year-to-year decline in the measure's 16 years. When home values decline, owners feel less wealthy and … (4 comments)
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