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“The composite 20-city home price index, a key gauge of U.S. home prices, dropped 0.6% from August and fell 3.6% from a year earlier. Seventeen cities posted monthly declines, while the other three showed gains. Atlanta, Las Vegas and Phoenix posted new index level lows.”
I highly doubt very many people really thinks were headed straight into an immediate recovery… “September housing prices, as measured by the S&P/Case-Shiller Housing Index, are out, and they’re down 3.6% year-over-year. This continues a trend that we’ve seen since the summer: Housing prices continue to fall, but more slowly than before.”
This is the kind of publicity all my Hispanics deserve! Maybe some judgmental, close minded folks will read this!!! ‚ÄúHispanic households accounted for more than half of the nation’s homeowners in the third quarter, evidence of the potential purchasing power of Latinos during the housing recovery.‚Äù
So I’ve been reading! “The Federal Housing Administration looks poised to replace Fannie Mae and Freddie Mac as the primary government lender of relatively high-cost mortgages.”
I like this point of view!!! AMEN!!! “Housing markets remain deeply depressed, as the latest S&P/Case-Shiller Home Price Indices show.”
I just LOVE Dr. Housing Bubbles articles and data! His titles are pretty catchy too! He’s a great source of information for Southern California investors! “The Case Shiller data released today was rather significant since we have now achieved a new post-bubble low for home prices.”
Here‚Äôs some great data for not only San Diego but for those of you who keep track of metro areas around the country. ‚ÄúPrices in most of the 20 areas tracked in Tuesday’s S&P/Case-Shiller Home Price Index fell in September. How did San Diego measure up against its major-metro peers?‚Äù
I’m seeing a little bit of a dip in various areas. Keep track of this stuff guys! “The number of homeowners in the Sacramento region who were underwater on their mortgages declined slightly during the third quarter, according to a new report.”
If ya ask me, I’d say they’re underestimating the power of investors! “The Federal Housing Finance Agency (FHFA), the regulator for Fannie Mae and Freddie Mac, is considering proposals for selling government-owned homes to investors, who would then turnaround and sell or rent them out.”
No, it was HIS fault! No it wasn’t it was HERS! No really, it was THEIR fault! Blah blah blah. I think we have a few fingers to be pointed at a few different entities to blame for our current mortgage issues. Don’t ya think?! “WASHINGTON — A government watchdog said Fannie Mae and Freddie Mac improperly foreclosed on homeowners and cost the government billions of dollars by not holding major banks to strict underwriting requirements.”
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