Those of you who are not familiar with the FHFA should know that they are not the same as FHA. FHFA stands for Federal Housing Finance Agency, which is close but somewhat different. This agency reports on timely information as it relates to the housing market, and recently released some interesting information. Their most recent observation is that home prices are down 18.6% since April of 2007. This isn’t great news, but it would be untruthful to say that it wasn’t expected.
What is Next Regarding Housing Prices?
Housing prices have been on an interesting trend, from good to bad, and then even worse. I won’t tell you that it has all been halos and good times because that just isn’t the truth. The truth is also that we can something bad and make it turn out for the better. There are plenty of homes in inventory that can be purchased when people find the right professionals. I am a professional, and my goal is to get you into a home and have a piece of the American dream. Investors are buying and rehabbing homes, and the market is primed for first time homebuyers, or those that have been renting for years on end.
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