Thursday, November 30, 2006

The Increase is Evidence of a Decrease???

Two consecutive sentences from a Washington Post article, Mortgage Rates Drop to 6.14 Percent:

Home prices grew 0.86 in the third quarter of this year, the slowest pace since 1998, the Office of Federal Housing Enterprise reported today.

This slow growth "provides more evidence that the long-forecasted national depreciation in housing prices is occurring," the agency's director, James B. Lockhart, said in a statement.

So the increase is evidence of the decrease? What!!!!

Related: Coming Collapse in Housing? - 30 Year Fixed Rate Mortgage Rates - Financial Literacy blog posts

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