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Loan Modification
: Mortgage Lender Implode-o-MeterHousing's Second Leg Down
By Implode-Explode Heavy Industries
You can see the downward leg in housing prices, followed by an apparent stabilization starting in April of last year. This chart largely captures the frame of reference used by most in the financial press. And if this is your window frame, you'd think housing has stabilized as of late ? which is precisely what much of the current administration and the financial press has been suggesting.
But there's a problem here.
Full post as published by Mortgage Lender Implode-o-Meter on August 23, 2010 (boomark / email).
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