Atlanta Real Estate Investor Blog

News and opinion affecting the real estate investment community in Atlanta, Georgia, written by a practicing real estate closing attorney.

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      • Subprime Mess on 60 Minutes
      • Some Things Never Change
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      • The Word of the Year
      • Investor Alert: REO Auction
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Tuesday, January 8, 2008

The Word of the Year

According to the American Dialect Society, the 2007 word of the year? Subprime.

w00t!

And in other news: According to the National Association of Realtors, pending home sales have fallen 2.6% in November, well beyond the 0.8% decline predicted by economists.

The NAR does not now see a rebound in housing until 2009.

UPDATE: The head of Fannie Mae is now predicting that housing won't recover until 2010.

Posted by Anonymous at 12:19 PM    

Labels: NAR, Pending Home Sales, Subprime

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