I think Suzi of Ca is in the dark about rates. Cuts need to continue down to 0 to simulate the housing market.
Tom S
of CA
@
Nov 29, 2008 18:06:26 PM
House Price Index
It's true. Our economy is merely a shell built off credit. Americans have more debt than there is dollars in circulation. Now that's a scary thing.
I did want to point out that while house price indexes have reported a downward trend in most MSA's, a new house price index, IAS360 (http://iasreo.com/ias360update.html), I've been following has been reporting small gains at the neighborhood and county level. So far this is the only house price index I've seen analyze at the neighborhood level.
Erik
of CO
@
Nov 14, 2008 11:29:25 AM
Continue to suffer
Americans will continue to suffer as rate cuts are useless to the average person or middle class. It doesn't lower the mortgages that they currently have and sure as heck it's not keeping their home prices up. Matter of fact the prices of homes hve been sinking for the last two years. Each week we hit a new low. There is no end ot this trend. We need to stop lowering interest rates!!
Tom S of CA @ Nov 29, 2008 18:06:26 PM
Erik of CO @ Nov 14, 2008 11:29:25 AM
Suzi of CA @ Nov 03, 2008 00:11:16 AM
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