In the summer of 2008, the national housing market remained mired in what many economists believe will be a multiyear slump. The percentage of the nations homes that are vacant and on sale is at historic highs, foreclosure rates are rising and national home prices are falling for the first time in decades. The troubles in housing precipitated the credit crisis in the summer of 2007 and have become a significant drag on the economy and raised the risks of a recession.
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Thursday, August 14, 2008 --- 148 days ago http://www.nytimes.com/2008/08/13/business/economy/13fannie.html?partner=rssnyt&
 Financing for multifamily housing represents only a small portion of Fannie Mae and Freddie Mac’s business, but it has been positive for both of them. ... |
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