The US Home Prices continue to decline and some economists are predicting it could be worse than the depreciation during the Great Depression of the 1930s. The home values during that time dropped 30%. On average across the United States we are down 20% according to the Case//Shiller Home Price Index. So going another 10% is not a far stretch.
Shiller says that the consesus that bottom in the housing market is coming soon is a pipe dream. He said historically home values don't follow a V shaped curve. This means if it stops dropping it will level off for some time.
If you need help obtaining a home loan for the purchase or refinance of a home, give me a call at 888-287-3278 or send an e-mail to DelawareMortgages@yahoo.com.
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.
As a Certified Mortgage Planner, I help people achieve their dreams and goals by assisting them in designing financial strategies that work for each client to accomplish financial freedom.
What Protection Does Your Money Have?
First Time Home Buyer Seminar - August 23, 2008
Colonial School District in Delaware Names Teacher of the Year
Newark, Delaware East Main Street Apartments Get Unfavorable Review
Fannie Mae Reports 2.3 Billion Loss
Federal Reserve Holds Interest Rate at 2%
Mortgage Discrimination Facts - What Lenders Must Do
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
Post a comment
Temporarily disabled — coming soon!