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Latest CS data: Prices DECLINE 4.1%, RIGHT NEAR 2009 LOWS
2011 Feb 23, 12:09am 2,913 views 12 comments
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klarek
@
2011 Feb 23, 10:39am
That will hurt home prices.
Mission statement…
Fannie Mae is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets.
Hurt ? I dont think so. Prices fall making it much easier to buy and finance, and certainly to bring stability to US home market. The further prices fall, the better it gets.
Correct, but according to baby boomers and our corporate overlords, "hurting" = "you're not being gouged enough when you buy a house".
Thomas, logic and reality does not have to reconcile. Fannie/Freddie, MID is not going anywhere for at least 5-7 years if ever. You need to understand who you are dealing with first.
You willing to make a $400k bet on it? There's no economic justification for the MID or Fannie/Freddie. Beyond the politisphere's pressure from the RE lobby fucks, it ought to happen and very well could.
You need to understand who you are dealing with first.
Tax codes get changed all the time.
bubblesitter
@
2011 Feb 24, 12:51am
More discount on the way.
http://news.yahoo.com/s/ap/20110224/ap_on_bi_ge/us_foreclosure_sales
...fewer foreclosed homes were sold in 2010 than were taken back by banks, foreclosure listing firm RealtyTrac Inc. said Thursday.
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http://finance.yahoo.com/news/Home-prices-fall-41-near-2009-cnnm-2016472877.html?x=0
I am reminded of the lyrics of the enlightened Jay Sean: "down, down, down, down, down, down..."
The bust continues. Make popcorn.