Ann Arbor Area Community News
Ken Clark writes:
Thought you guys would be interested in this. This CNN/Money story reports on a new Office of Federal Housing Enterprise Oversight report. The OFHEO is the federal oversight board for Fannie Mae and Freddie Mac. While real estate values are still increasing across most of the nation, the rate of increase is falling fast. In some markets, the price of real estate has actually fallen in the past year. Many of those markets are in Michigan, and the worst in the nation for real estate values over the past year is Ann Arbor.
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