August 12, 2011
What a long, strange week it's been. For the week ending August 12, the Dow had four consecutive 400-point swings; the national median (existing) single-family home price was down 2.8 percent from the second quarter of 2010; and the government has proposed to sell thousands of foreclosed properties that Fannie, Freddie and the FHA now own, for conversion into rental properties.
What a long, strange week it’s been. For the week ending August 12, the Dow had four consecutive 400-point swings; the national median (existing) single-family home price was down 2.8 percent from the second quarter of 2010; and the government has proposed to sell thousands of foreclosed properties that Fannie, Freddie and the FHA now own, for conversion into rental properties.
