Economic Charts

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Wednesday, August 25, 2010

Home Prices Continue to Decline

I decided to look into declining housing prices a little more, as an individual asked me the other day what I thought housing was going to do. With new housing orders declining, lack of credit to individuals and number of foreclosure/short sales occurring, we will be/have been seeing house prices decline. There is a lot of shadow inventory on the market with few buyers. More mortgage resets coming ahead and with the jobless rates continuing to climb, prime loans are starting to default.  Here are some video's going into this further.

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