Home Price Drop-Another Reason to Become a Homeowner!
August 2nd, 2010 categories: Real Estate news
After the Federal Tax incentive went away in April, things slowed down in our market, although good and well-priced homes up to $150,000 are still being snatched up. Nonetheless, economic recovery could be choked by a drop in home prices, according to former Federal Reserve head Alan Greenspan.
On the Aug.1 edition of NBC’s “Meet the Press,” the economist warned that falling residential values could send the country into a double-dip recession. His successor at the Fed, Ben Bernanke, told Congress last week that the economy remains “unusually uncertain” and that the central bank was prepared to act if the economy loses momentum.
Source: National Mortgage Professional, Andrew T. Berman (08/02/10)
For more information on Sacramento real estate, please contact Carmen at 916-342-2446, or e-mail at carmen@carmenmicsa.com. Also to receive free listings, go to www.Dynamicsacramentohomes.com. And last, but not least be sure to ask for your 7-night cruise when buying with Carmen and her team of experienced agents, as well as a $500 credit to your closing costs if you mention this blog article.
wats up man hows it going