NC Appraising
Elite Member
- Joined
- Apr 28, 2006
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Full Story
"Meanwhile, the S&P/Case-Shiller index of house prices in 20 metropolitan markets fell another 2.1% in November (the most-recent data available) for the 16th month in a row. It was down nearly 8% from a year earlier"
"Like creating a federally funded outfit to buy mortgages that are in or near default and refinance them at easier terms so the borrowers can keep their homes, as Senate Banking Committee Chairman Christopher Dodd is already suggesting. Or helping state and local government agencies buy houses that are in foreclosure and rent
them out until the housing-market rebounds"m2:
The Government to the rescue!!
"Meanwhile, the S&P/Case-Shiller index of house prices in 20 metropolitan markets fell another 2.1% in November (the most-recent data available) for the 16th month in a row. It was down nearly 8% from a year earlier"
"Like creating a federally funded outfit to buy mortgages that are in or near default and refinance them at easier terms so the borrowers can keep their homes, as Senate Banking Committee Chairman Christopher Dodd is already suggesting. Or helping state and local government agencies buy houses that are in foreclosure and rent

The Government to the rescue!!