Foreclosing Our Way to Affordable


	Foreclosing Our Way to Affordable

Maurna Desmond

4-21-2009 6:21 PM

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tags:

mortgage housing

Maurna Desmond says:

People can now prudently buy in most major markets according to a recent IHS report.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/4882ca0c-4e60-4dd7-be37-02bc4b14a346/09653B99-0D9F-4732-951C-4897C0C35AD5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.wsj.com/developments/2009/04/20/home-prices-return-to-affordability-in-much-of-us/" href="http://blogs.wsj.com/developments/2009/04/20/home-prices-return-to-affordability-in-much-of-us/" style="font-size: 11px;">blogs.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2009/04/20/home-prices-return-to-affordability-in-much-of-us/"><H1>Home Prices Return to Affordability in Much of U.S.</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2009/04/20/home-prices-return-to-affordability-in-much-of-us/"><P>The <A target="blank" href="http://s.wsj.net/public/resources/documents/WSJ_Housing_ValuationQ4_2008_Report.pdf">quarterly report</A> – by economists at IHS Global Insight, a research firm, and PNC Financial Services Group Inc., a banking concern based in Pittsburgh – looks at price trends in 330 metropolitan areas across the country. Home prices are “extremely overvalued” in only one of those areas, Atlantic City, N.J.  In 2005, 52 metro areas were in that category. (See <A target="blank" href="http://s.wsj.net/public/resources/documents/WSJ_Housing_ValuationQ4_2008_Report.pdf">full report.</A>)</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/09653B99-0D9F-4732-951C-4897C0C35AD5/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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