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

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.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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