Tag Archives: unemployment and underemployment

Home Prices Down 4% Over Past Twelve Months

The downward pressure on home prices is expected to continue through this year and few experts expect prices to increase substantially for the next three years. As long as unemployment and underemployment is high, there’s not going to be much … Continue reading

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Mortgage Lending Hits Lowest Level Since 1997

Mortgage lending is expected to decline further in 2012. And as for home prices? They are currently at 2003 levels. There are many factors that account for the decline in mortgage lending. First, people without jobs can’t generally buy homes. … Continue reading

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