Vermilion Realty Blog

January 28, 2010

Housing Market Near Bottom?

Filed under: Market Info — Tags: — Don Grafues @ 10:08 am
 
Douglas 1948 site built HUD home reduced to $51,000.

Douglas 1948 site built HUD home reduced to $51,000.

Charles Haldeman, CEO of Freddie Mac, speaking at the Detroit Economic Club on Tuesday said he believes the housing market is at or near bottom.

The number of foreclosed homes continues to be an issue and could be a major factor in a continuation of a market decline. In a prior post last December we reported there are 1.7 million homes facing foreclosure. There were 2.8 million foreclosures in 2009.

Don Grafues
Resource: REALTOR.org
 
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