File under "Duh" (and other numbers for the day)

Affordability up as home prices slide
(WASHINGTON) – The National Association of Home Builders reports housing affordability is up substantially as home prices decline.

(I kid. I kid because I love.)

Meanwhile, the good news:

Housing starts down, mortgage apps up
(WASHINGTON) – In what can be interpreted as “good news” for sales associates, the Mortgage Bankers Association reports mortgage applications are up and the Commerce Department reports new housing starts are down.

And the bad:

U.S. home values down $2.4 trillion
(SANTA ANA, Calif.) – A report published by
First American CoreLogic finds the total value of U.S. residences at the end of 2008 was $19.1 trillion, down $2.4 trillion from the 2007 national value of $21.5 trillion.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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One Response to File under "Duh" (and other numbers for the day)

  1. A big YIKES on that 2.4 trillion, didn’t realized everything had been overvalued that much! What a mess

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