Fed Says Housing slowdown is substantial
As expected, today, the Fed decided to leave short-term interest rates unchanged at 5.25 percent. However, the committee did suggest that future rate hikes could still be an option.Discussing economic conditions, Fed policymakers said growth has slowed over the course of the year, partly reflecting a "substantial cooling" of the housing market. That description went beyond the Fed's previous assessment in late October and suggested a sharper slump in housing was taking place. Palermo condos San Diego
[tags] real estate, housing, housing market, San Diego real estate, real estate bubble, California real estate, San Diego home values[/tags]
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You really know we are in trouble when the Goverment acknowledges the fact!
Keep up the ‘real’ facts on San Diego real estate market.
It seems San Diego has gone from boom to bust overnight!
Anna
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