Posted by Chris on 30. December 2008 03:27
Today Standard & Poors released its S&P/Case-Shiller Home Price Index results for October 2008, which showed home prices continued to fall in October for the 28th consecutive month. According to the index, which is comprised of 20 metropolitan cities, home prices dropped 18% from a year ago.
[More]
Posted by Chris on 16. December 2008 06:43
he Fed today announced that it is cutting the Fed Funds Rate, the rate that banks charge each other for funds, from 1% to a range of 0% to 0.25%. These are truly uncharted waters, at least in our lifetime.
[More]