Tuesday, October 13, 2009

Home values expected to fall 10% nationally

David H. Stevens, head of the Federal Housing Administration, told a panel at the Mortgage Bankers Association convention at the San Diego Convention Center that all signs point to a further 10 percent drop in home values by the first quarter of next year.

Many economists believe unemployment will continue to grow until next year, even if the recession is ending.

http://www3.signonsandiego.com/stories/2009/oct/13/home-values-expected-fall-10-nationally/?business&zIndex=181662

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