Good News for Home Buyers and Investors from an Enlightened Wealth Institute Student
Hi, Tammy here…the “enlightened wealth institute” student blogging about making money in real estate and online affiliate marketing! I thought it would be useful for all of you to read more from the recent press release published by the Office of Federal Housing Enterprise Oversight.
Exerpt from the OFHEO Press Release published on May 22nd, 2008:
OFHEO’s all-transactions House Price Index (HPI), which includes data from home sales and appraisals for refinancings, showed less weakness than the purchase-only index. The all-transactions HPI fell 0.2 percent in the latest quarter and was flat over the four-quarter period.
The figures were released today by OFHEO Director James B. Lockhart, as part of the quarterly report analyzing housing price appreciation trends. “These substantial home price declines bring positive and negative news,” said Lockhart. “For homeowners and financial market observers, these declines spell further erosion in home equity levels and potentially more trouble for mortgage markets. To prospective home buyers who have been shut out of homeownership because of affordability constraints, these declines may be welcome news, as are continued low mortgage rates.”
Tags: Enlightened Wealth Institute, las vegas foreclosure investing, marketing, real estate statistics
