Bottom
April 20, 2009 by admin
Filed under Real Estate Articles
U.S. housing sales are near a bottom, the chief economist of Freddie Mac, Frank Nothaft, said on Saturday.
He noted that Federal Housing Administration lending is up sharply, with FHA loans at the largest share of the U.S. housing market since 1942, and mortgage rates are at a 50-year low.
[...] Houston the recession has landed! [...]