Wednesday, January 12, 2011

WELCOME TO THE NEW REALITY: DEPRESSION

THE GOOD NEWS:

Housing values have fallen 26% from their highs in June '06. This loss in value is greater than the depression years from '28-'33. The housing market is technically in a depression.

THE BAD NEWS:

It will get worse. Home values are expected to continue southward until the job market recovers. Read more.

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