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Housing prices are on the decline nationwide

Housing prices are on the decline nationwide

There were three months of straight gains in the real estate market, however a government tool used to measure the average price of a home in the United States showed a decline for the month of August.
According to the Federal Housing Finance Agency, housing prices …

Fifty percent of mortgages could be for more than the value of the house it covers by 2011

Fifty percent of mortgages could be for more than the value of the house it covers by 2011

The number of United States homeowners that owe more than their home is worth will likely double to 48% in 2011 from 26% at the conclusion of March. This would lead to another blow to the housing market. This is all according to Deutsche Bank.
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Oil’s roller coaster ride

Oil’s roller coaster ride

Oil prices have been on a roller coaster ride over the past few months. It appears as though it can’t really make up its mind as to where it wants to go. It has been hovering between $60 and $70 a barrel for some time, …