Urgent News for the Commissioners: Home Prices To Decline Into Next Year

August 6, 2010 Leave a comment

An important item to be considered in the forthcoming estimated budget discussion by the City Commission.

Home prices will decline into next year, Fannie Mae said Thursday, reversing earlier projections that the housing market would stabilize this year.

Former Federal Reserve Chairman Alan Greenspan said Sunday on NBC’s “Meet the Press” that a so-called double-dip recession was possible “if home prices go down.”

via Fannie Mae: Home Prices To Decline Into Next Year.

Filed under Budget, Coral Gables, Finance, Government

Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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