Home Price Decline in 2008 Predicted by Fannie Mae Exec.
Posted on December 17th, 2007 by Thomas
As reported by CNNMoney.com, Fannie Mae Chief Executive Dan Mudd forecasts home prices in 2008 to fall an additional 4-5%. According to Mudd the market should recover quickly as soon as home prices become more affordable. Subprime lending helped to fuel a 43% increase in home prices between 2001-2005. Now that mortgages are harder to obtain home [...]
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Filed under: Real Estate
Thomas Della Piazza
