13.12.2010 - US: Home market's misery may be 'buy' sign
From Businessweek.com: A pall has settled over the U.S. housing market. The first-time home buyer's credit has dried up, and home prices are down 29 percent from their 2006 peak. On Dec. 9 the latest release of the Federal Reserve's Flow of Funds data shows the value of homeowner equity in the third quarter of this year at $6.4 trillionó52 percent lower than four years ago. Judging by the learned consensus at holiday partiesówhere homeowners swap sorry tales of underwater mortgages and bleak salesódon't count on things getting better in months to come .............................................Full Article: Source
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