You are Cordially Invited...
The New York Times Blog, The Walk-Through & Calculated Risk invite you to pay attention to information coming from the Office of Federal Housing Enterprise Oversight this Thursday.
"On Thursday, the Office of Federal Housing Enterprise Oversight releases its figures on house appreciation. Think of it as the official scorecard for the real estate game.
Why would you pay attention? As the blog Calculated Risk points out, it could be the first time that we see something very rare — real estate prices falling."
"The US hasn’t seen negative annual home price appreciation since the
Depression, however nationwide annual appreciation was close to zero in the
early ’90s.... "