Home \ Keywords \ Fannie Mae

You are here

Fannie Mae

How to Stop the Drop in Home Values

"HOMES are the primary form of wealth for most Americans. Since the housing bubble burst in 2006, the wealth of American homeowners has fallen by some $9 trillion, or nearly 40 percent. In the 12 months ending in June, house values fell by more than $1 trillion, or 8 percent. That sharp fall in wealth means less consumer spending, leading to less business production and fewer jobs."

Read the full story here.

Pages