Monday, May 5, 2014

Remote Island

 




Four decades ago, when the U.S. and the Soviet Union were racing to get footholds in this region, the U.S. discovered Diego Garcia, a coral island in the middle of the Indian Ocean.

The Americans had asked the British, their longtime allies, who still had colonies in the region, to find an uninhabited island for their base.

There was just one problem -- there were inhabitants on Diego Garcia and they have been living there for more than 200 years. Correspondent Christiane Amanpour reports.

But the British didn't see that as a problem. They simply moved all the inhabitants 1,200 miles away to other tropical islands, Mauritius and the Seychelles.

Back then when the island was a British colony, Marcel Moulinie managed the coconut plantation. He was ordered to ship the people out.

"Total evacuation. They wanted no indigenous people there," says Moulinie.

"When the final time came and the ships were chartered, they weren't allowed to take anything with them except a suitcase of their clothes. The ships were small and they could take nothing else, no furniture, nothing."

The people of Diego Garcia say they left paradise and landed in hell when they were dumped here in the urban slums of Mauritius. They had brought no possessions and as islanders who had lived off fishing and farming they had no real professional skills.

No one helped them resettle or pay for the homes they lost. They were forced to become squatters in a foreign land.

Before the final evacuation, the British had cut off the ships carrying food and medicine to Diego Garcia.

Jeannette Alexis' family was one of the last to leave: "My father was told that we had to leave the island because the Americans were moving in and it wasn't safe to remain on the island anymore."

The islanders say the other force that got them out was fear when British officials ordered their pets to be exterminated. They were gassed with exhaust fumes from American military vehicles.

"You can imagine the pressure it put on the population there," says Alexis.
"We were crying, we were hanging onto our mothers' skirts crying, because although we were very young we understood that we were leaving something very valuable behind, and that was our home."

And for the next 30 years, the world never knew what happened to Diego Garcia's original people.

No outsiders are allowed onto Diego Garcia, so this secret stayed hidden until one of the exiled islanders, Olivier Bancoult, started organizing his community.

Bancoult was angry by the years of misery his people were forced to endure. Three of his own brothers drank themselves to death, dispirited by their poverty and unemployment. And one sister was so homesick she committed suicide.

"That's very sad, that's why I will never give up," says Bancoult. "All the difficulty is because of U.S. and UK, they turned peoples' life into a nightmare."

So three years ago, Olivier traveled to London to take the British government to court. His big break came when he and his lawyer, Richard Gifford, found secret documents that had recently been declassified that described the agreement between the United States and British governments to build the base on Diego Garcia.

"Here we have the legal expert in the foreign office, in which he's got a paragraph headed, maintaining the fiction," says Gifford, referring to the fiction that Diego Garcia had no native people.

These British documents reveal that colonial officials thought no one would notice if they deported the islanders.

"I find it rather shameful, yes," says Gifford. "Here we have an interesting memorandum of the British Government: There will be no indigenous population except seagulls."

Another British document confirms that "evicting the people and leaving the island to the seagulls" was done at the request of the United States. It reads: "The United States Government will require the removal of the entire population of the atoll by July."

"And the British were only too happy to oblige," says Gifford.

What did the British get in return for providing the Americans a population-free island? Polaris missiles for their submarines. The U.S. reduced the price by $14 million dollars, or $5 million British pounds.

"So five million pounds was a massive incentive compared with a very modest conscience problem," says Gifford.

Uncovering the paper trail brought Gifford and Bancoult a stunning victory. Britain's highest court ruled that deporting Diego Garcia's native population was illegal.

But the euphoria didn't last long because the court didn't propose a remedy -- neither money nor what the people wanted most - to return home and have the right to earn a living on the base.

"The position of the islanders is that they never objected to the U.S. base on Diego, but the islanders are extremely bitter that they are denied employment on the base. Precisely because they come from there," says Gifford.

The base currently employs several thousand civilian workers from other countries like the Philippines - and they don't want visitors. When the islanders asked to visit their family graves, they were told from the British government that the U.S. had to grand permission.

So last August, the islanders appealed directly to President Bush. The Bush administration, however, said it was Britain's call: "Because of the vital role the facility plays in the global war on terrorism, British authorities have denied permission to visit Diego Garcia. We concur and support the decision."

Caseem Uteem, the former president of Mauritius, had written the letter to President Bush on behalf of the islanders. He believes that both sides are passing the buck.

"That's what they're doing," says Uteem. "I think it is not only inhuman but illegal. They should never have expelled them from their land."

Neither the British nor the U.S. governments would talk to 60 Minutes about the issue, but the former commander of the base on Diego Garcia spoke to Amanpour.

"I have a great sympathy for them," says Dan Urish. "I think the British are probably legally responsible for it. Morally, the U.S. certainly has an interest in seeing that things are made right for the islanders."

Until that happens, Olivier Bancoult, Jeannette Alexis and the rest of the islanders say they will never give up. Now they are suing both the U.S. and British Governments for compensation and the right to return.

"It's an important base, I agree, but at the same time they should have realized that people are also important," says Alexis.

"The Americans and the British always talk about the champions of human rights. What they did to us they should rectify, they should look after us. You know, they should do what they preach."
 

Tuesday, October 22, 2013

What Are You Waiting For?

                             





Total output of the Sun was gathered for one second it would provide the U.S. with enough energy, at its current usage rate, for the next 9,000,000 years."

                                 Getting Started With Solar

 

No Changes In How You Use Electricity

Solar electricity works exactly the same as the electricity you buy from the utility company. You turn on lights, plug in lamps and power appliances the same way you do right now. In fact, if you didn't see solar modules on the roof, you'd never notice any difference—except a lower electric bill.

Relax, It's Easier Than You Think

While the science of converting sunshine into electricity is complex, the idea is pretty simple. Solar electricity is generated by a group of solar modules called an array that's installed on your roof or in your yard. When sunlight falls on the solar modules, a DC electrical current is created instantly. The DC electricity is fed into an inverter that changes it to standard AC electricity - the same kind your home already uses.


General Explanation of Solar Water Heating

Solar water heating systems use collector (absorber) panels to harvest the sun’s energy. These collector panels are in many cases installed on the roof of your home or garage. As the sun shines on the absorber panels, water is heated in tubes within the collector panels, and then moves to a water heater or heaters, depending on the design, for storage and later use in the home. .

Solar water heating systems allow homeowners to use the solar source as their main system and their conventional water heater as back-up storage.

Optimally placed absorber panels, with conventional methods as a backup, will yield you many years of use and dramatically lower energy costs all while lowering your carbon footprint and contributing to a greener world.

 DID YOU KNOW...???
The California Energy Commission estimates that the average household spends up to 30% or more of its energy bill for hot water heating, and it accounts for more than one-quarter of the total energy used in a typical single-family home. An electric water heater is the single largest user of electricity of all household appliances.

Whether you have an electric or gas water heater, the operating cost will continue to rise over time.
According to the California Public Utilities Commission, electricity rates have been increasing an average of 6% per year, over the past 35 years, and the wholesale price for natural gas has more than tripled in the past eight years. Natural gas shortages are likely to push rates even higher in the near future. With solar you will no longer have to be at the mercy of the utilities and their ever-rising rates.

The California Public Utilities Commission estimates that a typical homeowner can save 60-70% on the cost of water heating by installing a solar water heating system.

Friday, May 24, 2013

Pitcairn Lt Bligh

 
The Mutiny on the Bounty was a mutiny aboard the British Royal Navy ship HMS Bounty on 28 April 1789. The mutiny was led by Fletcher Christian against commanding officer Lieutenant William Bligh. According to most accounts, the sailors were attracted to the idyllic life on the Pacific island of Tahiti and were further motivated by harsh treatment from their captain.

Eighteen mutineers set Lieutenant Bligh afloat in a small boat with eighteen of the twenty-two crew loyal to him. The mutineers then variously settled on Pitcairn Island or in Tahiti and burned the Bounty off Pitcairn Island, to avoid detection and to prevent desertion.

 Bligh navigated the 23-foot (7 m) open launch on a 47-day voyage to Timor in the Dutch East Indies, equipped with a quadrant and pocket watch and without charts or compass. He recorded the distance as 3,618 nautical miles (6,710 km). He then returned to Britain and reported the mutiny to the Admiralty on 15 March 1790, 2 years and 11 weeks after his original departure.

The British government dispatched HMS Pandora to capture the mutineers, and Pandora reached Tahiti on 23 March 1791. Four of the men from the Bounty came on board soon after its arrival, and ten more were arrested within a few weeks. These fourteen were imprisoned in a makeshift cell on Pandora's deck. Pandora ran aground on part of the Great Barrier Reef on 29 August 1791, with the loss of 31 of the crew and four of the prisoners. The surviving ten prisoners were eventually repatriated to England, tried in a naval court with three hanged, four acquitted and three pardoned.
Descendants of some of the mutineers and Tahitians still live on Pitcairn
Island;   with only 50 residents, whose ancestors – crew on the HMS Bounty – were so taken with the island that they mutinied and burned their own ship. Their postage stamps are rare and expensive since collectors have to hop on a boat from New Zealand for a ten-day voyage in order to buy them.

Thursday, May 2, 2013

In Sacramento’s case, prices will grow faster than just about anywhere else in the country.

Home prices in Sacramento have reached the highest levels in 11 years and are expected to grow faster than nearly every other place in America this year.
Zillow forecasts Sacramento will see the second largest rise in home prices — nearly 12 percent in 2013. In fact, with the exception of Phoenix, California occupies all the top seven spots.
A shortage of houses for sale is driving up prices and making this a hot seller’s market. A home we went to in Natomas sold for $259,000 in just 48 hours to a foreign investment group.
“Any time the value of homes go up, people that own houses are going to benefit,” said real estate investor Rich Crosby.
Sacramento home values started picking up last year and the Zillow estimate of another 12 percent increase will only keep investors in the market. They’re competing with an increase in buyers for the low number of houses on the market.
“So you have low interest rates, you have down payment assistance and you have a lack of inventory, which is causing a surge in the market,” said a realtor Michael Sandoval.
Real estate analysts say the surge is more of a bounce back from the housing crash (really).. Some Sacramento-area homes lost more than half their value. The hardest-hit neighborhoods are seeing the biggest rebound. Natomas, Elk Grove, Lincoln and Roseville top the list.
“Houses like this probably in their heyday were $450,000-$500,000. Now we’re looking at maybe $300,000, $350,000 at the most,” said Crosby.
Real estate investment companies like Rich Crosby’s are often the buyers, paying cash to rent or flip the homes. And they argue they bring up prices for the neighborhood.
“We can sell the house more than that short sale can, which inevitably brings up the value of the houses around it. It’s a win-win, really,” said Crosby.
But the investors are criticized for crowding out other buyers — even those with 20 percent down who can’t compete with cash offers. The lesson in economics 101 is simple: as long as there’s more demand than supply, home prices are expected to creep up.
In Sacramento’s case, prices will grow faster than just about anywhere else in the country.

Monday, March 25, 2013


HUD No.13-033
HUD Public Affairs
(202) 708-0980

Treasury Public Affairs
(202) 622-2960
FOR RELEASE
Friday
March 8, 2013
OBAMA ADMINISTRATION RELEASES FEBRUARY HOUSING SCORECARD

Quarterly Servicer Assessments Show Mortgage Servicers Demonstrate Continued Improvement
in Implementation of the Making Home Affordable Program
WASHINGTON- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the February edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. Data continue to show important progress across many key indicators—as home prices ended the year with strong gains and purchases of new homes and sales of existing homes were also strong—although officials caution that the overall recovery remains fragile. The full Housing Scorecard is available online at www.hud.gov/scorecard.
“The Obama Administration’s efforts to speed housing recovery are showing continued progress as the February scorecard indicators highlight ongoing improvements throughout the housing market,” said HUD Deputy Assistant Secretary for Economic Affairs Kurt Usowski. “House prices are steadily rising above the mid-crisis lows in markets throughout the country, while inventories of new and existing homes are further tightening, and even estimates of the 'shadow inventory' are down.  That said, we still remain considerably below long-term normal levels of home sales and production.”
Included in this month’s Making Home Affordable Program Report are detailed assessments from the fourth quarter of 2012 for the largest mortgage servicers participating in the program. These Servicer Assessments – first introduced in June 2011 and published quarterly – have set a new standard for disclosure around servicer efforts to assist struggling homeowners.
“The Administration continues to improve outcomes for homeowners seeking mortgage relief by setting new standards for customer service and holding mortgage companies publicly accountable,” said Treasury Assistant Secretary for Financial Stability Tim Massad. “As a result, struggling families today have stronger consumer protections and more sustainable options to avoid foreclosure.”
Since inception of the Making Home Affordable Program, Treasury has required participating servicers to take specific actions to improve their processes through ongoing program reviews. The quarterly Servicer Assessments summarize performance in three categories of program implementation: identifying and contacting homeowners; homeowner evaluation and assistance; and program reporting, management and governance. Results for the fourth quarter of 2012 show that servicers are focusing attention on areas identified in previous program reviews and, as a result, are demonstrating continued improvement in program implementation:
  • Servicers are more effectively evaluating homeowners under program eligibility criteria as seen in the “second look disagree” category, which reflects the rate at which Treasury’s program reviews disagree with the servicers’ decision to find a homeowner ineligible for assistance. In the fourth quarter, the average second look disagree rate for the top servicers was below two percent.
     
  • Mortgage servicers continue to accurately calculate homeowner income, which is used to determine a homeowner’s eligibility and modified payment amount under the program. In the fourth quarter, the average income calculation error rate for the top servicers went down from the previous quarter, and three servicers had a zero percent error rate.
For the fourth quarter of 2012, two servicers were found to need only minor improvement on the areas reviewed for program performance, while seven servicers were found to need moderate improvement. Although servicer performance in a particular compliance category can fluctuate from quarter to quarter, in general, servicers continue to show continued overall improvement in program implementation. All servicers, however, will need to continue to demonstrate progress in any areas identified in subsequent program reviews.
The February Housing Scorecard features key data on the health of the housing market and the impact of the Administration’s foreclosure prevention programs, including:
  • The Administration's foreclosure mitigation programs are providing relief for millions of homeowners as we continue to recover from an unprecedented housing crisis.  More than 1.5 million homeowner assistance actions have taken place through the Making Home Affordable Program, while the Federal Housing Administration (FHA) has offered more than 1.6 million loss mitigation and early delinquency interventions. The Administration's programs continue to encourage improved standards and processes in the industry, with HOPE Now lenders offering families and individuals more than 3.4 million proprietary mortgage modifications through December.
     
  • HAMP continues to offer homeowners affordable and sustainable relief to avoid foreclosure. As of January, more than 1.1 million homeowners have received a permanent modification through the Home Affordable Modification Program (HAMP), saving approximately $546 on their mortgage payments each month, and an estimated $17.9 billion to date. In January, 69 percent of homeowners with eligible non-GSE mortgages benefitted from principal reduction with their HAMP modification.  Homeowners currently in permanent HAMP modifications have been granted an estimated $9.2 billion in total principal reduction. 

Saturday, January 12, 2013

1917 cottage located near the village center : EAST HAMPTON NY











  • 4 bedrooms
  • 3 full baths
  • Acreage: 0.43 acres (approx.)
  •  East Hampton, NY, United States
    $2,850,000

    Honey sweetens the allure of the Hamptons 

     or millennia, honey has been considered a "superfood" - long before the coining of that particular buzzword. From its first cultivation in the Middle East to the medieval honey-based beverage of mead, the sweet nectar has consistently played an important role in cuisine and medicine. Although it has a long and varied history, honey has, in many ways, become even more popular in the last several years. Spurred on by increasing attention to locally-sourced natural foods, boutique honey has become a growing trend throughout much of the U.S., especially in places like the Hamptons. In fact, many owners have begun to sample some of the honey made in the region, finding ways of adding it to their diets and cooking habits.
    Luckily, a few local honey producers have answered the call and started to ramp up their production to satisfy the growing number of honey-hungry Hamptons' residents.
    One example is the Hamptons Honey Company. Focusing on raw and natural production, this young company has helped bring high-quality honey to locals, and prides itself on its staff of well-trained, environmentally conscious beekeepers.
    As the demand for natural, local honey has spiked in the Hamptons, the number of suppliers has increased. Mary Woltz, for example, initially came to the region to work for the Hamptons Honey Company, but has since left to start her own business - Bees' Needs. She works year round, turning out artisanal batches of sumptuous honey.
    "My honey changes with the seasons," she recently told Hamptons Magazine. "It will be light and delicate in the spring and more complex throughout the summer. And I can tell you which hive every jar comes from."
    As more residents of the Hamptons begin to appreciate the nutritional and flavor benefits of local raw honey, the community has a chance to become one of the most honey-soaked areas of the country.
    Founded in 1648 by English farmers, East Hampton remained a quiet farming community until the late 19th century, when it became a resort for the wealthy upper class. It became an ARTIST COLONY in the mid-20th century, popularized by the ABSTRACT EXPRESSIONIST It has become a popular weekend destination during the summer season.
    History and surviving historic sites are detailed in "Village of East Hampton Multiple Area", a New York State study..

Wednesday, October 24, 2012

OG Hawaii Large Lot Garden Next To Ocean








 A very rare opportunity to own a piece of Old Hawaii.  91 feet from the OCEANS EDGE with 300 L Feet of Ocean Frontage.  3500 SQ Feet of high end, simple, not tacky home.  One of the sellers holds an active HI RE License.   This is a private conservation lot located along the shoreline - over 3/4 of an acre.  Private.
$7,000,000.00






Thursday, August 9, 2012

Sacramento Picked as Next Phoenix (Interesting Read)


Sacramento: Home Value Forecast's Pick as the "Next Phoenix"

Pro Teck Valuation Services' Home Value Forecast Reports On Another Hard Hit Housing Market Showing Positive Leading Indicators For A Rebound


WALTHAM, MA (PRWEB) August 08, 2012
Pro Teck Valuation Services’ August Home Value Forecast Update explores which hard-hit metros may be the next Phoenix, AZ: on the rebound and good candidates for investment or home buying opportunities.
“Two previously hard-hit metro areas that stand out are Orange County (Santa Ana) and Sacramento, California,” said Tom O’Grady, CEO of Pro Teck Valuation Services. “Sacramento is particularly interesting because like in Phoenix, home prices overshot on the downside after the market peak in 2006. All nine of Sacramento’s market-based indicators are exhibiting positive changes from a year ago. For example, the number of active listings is down 39.21 percent, months of remaining housing inventory down to 3.65 months and foreclosure sales down 52.79 percent.”
To help predict the longer-term cyclical turning points of real estate markets, Home Value Forecast partner Collateral Analytics previously developed a Leading Real Estate Index (LREI) for all Core Based Statistical Areas (CBSA) in the U.S. The authors show how the LREI for Sacramento had accurately predicted the most recent upturn and downturn in the market. This Leading Index is based on a number of fundamental factors that drive real estate markets, such as employment growth, home sales activity, the unemployment rate, housing affordability index, new building permits, etc. The LREI is a “diffusion index” that measures how many components of the LREI are moving in a positive direction at any point in time. The LREI passing up through a value of 50 is a good precursor of a pending increase in home prices while a move down through 50 is a signal of flat or declining prices.
“Sacramento’s LREI has been climbing over the past two years and recently shot up to a value of 50, which means that half of its components are moving in a positive direction relative to their historical performances and that further home price appreciation is expected,” added O’Grady. “Another important factor supporting home prices in Sacramento is affordability. This month’s Home Value Forecast shows that Sacramento’s housing affordability index is at its highest level in years. Also, in many areas of the Sacramento market, we are seeing nearly every ZIP code classified as “good” or “normal” according to our most recent Market Condition scoring system, which is in contrast to the weakness in the market a year ago.”
This month’s Home Value Forecast update also includes a listing of the 10 best and 10 worst performing metros as ranked by our market condition ranking model. The rankings are run for the single family home markets in the top 200 CBSAs on a monthly basis to highlight the best and worst metros with regard to a number of leading real estate market indicators, including: sales and listing activity and prices, MRI, days on market, sold-to-list price ratio and foreclosure and REO activity.
“Our market of interest this month, Sacramento, is one of four California metros in the top 10,” said Michael Sklarz, Principal of Collateral Analytics and contributing author to Home Value Forecast. “New additions this month include Seattle, WA, Richmond, VA, and Grand Rapids, MI. All of these markets have experienced significant declines in active listing counts over the past year. This has led to most of these markets currently having balanced or tight markets based on their remaining months of housing inventory.”
August’s top CBSAs include:
  •     Sacramento-Arden Arcade-Roseville, CA
  •     West Palm Beach-Boca Raton-Boynton Beach, FL
  •     Baton Rouge, LA
  •     Seattle-Bellevue-Everett, WA
  •     Richmond, VA
  •     Santa Ana-Anaheim-Irvine, CA
  •     Oxnard-Thousand Oaks-Ventura, CA
  •     Santa Rosa-Petaluma, CA
  •     Grand Rapids-Wyoming, MI
  •     Phoenix-Mesa-Glendale, AZ
“In our bottom CBSAs, prices in many of these metros, especially in the Northeast have held up much better since the market peak in 2005-06 compared to the current top ranked markets,” added Sklarz. “This helps explain why the relative rankings in that the bottom ranked metros are not offering the same bargains as the top ranked ones with regard to compelling prices and high rental yields.”
The bottom CBSAs for August were:

  •     Huntsville, AL
  •     Edison, NJ
  •     El Paso, TX
  •     Nassau-Suffolk, NY
  •     Newark-Union, NJ-PA
  •     Spokane, WA
  •     Lake County-Kenosha, IL-WI
  •     Greenville-Mauldin-Easley, SC
  •     Bridgeport, Stamford, Norwalk, CT
  •     New Haven-Milford, CT
About HomeValueForecast.com
Home Value Forecast was created from a strategic partnership between Pro Teck Valuation Services and Collateral Analytics. HVF provides insight into the current and future state of the U.S. housing market, and delivers 14 market snapshot graphs from the top 30 CBSAs.
Home Value Forecast delivers a monthly briefing along with “Lessons from the Data,” an in-depth article based on trends unearthed in the data.
HVF is built using numerous data sources including public records, local market MLS and general economic data. The top 750 CBSAs as well as data down to the ZIP code level for approximately 18,000 ZIPs are available with a corporate subscription to the service. To learn more about Home Value Forecast and Pro Teck’s full suite of residential real estate valuation products visit us at http://www.proteckservices.com.
Reporters interested in national, regional or metro level housing data tailored to meet story needs, please email your inquiry to mediarequest(at)protk(dot)com.
Editor’s Note:
A Core Based Statistical Area (CBSA) is a U.S. geographic area defined by the Office of Management and Budget (OMB) based around an urban center of at least 10,000 people and adjacent areas that are socioeconomically tied to the urban center by commuting. The term "CBSA" refers collectively to both metropolitan statistical areas (MSA) and micropolitan areas. Micropolitan areas are based around Census Bureau-defined urban clusters of at least 10,000 and fewer than 50,000 people. Metropolitan Statistical Areas (MSAs) are defined urban clusters of more than 50,000 people.


August 2012 U.S. Economic And Housing Market Outlook

The Shadow

Published: Wednesday, Aug. 8, 2012 - 10:22 am
/PRNewswire/ -- Freddie Mac (OTC: FMCC) released today its U.S. Economic and Housing Market Outlook for August showing why the so-called shadow inventory might not be as foreboding as many thought and an important reason why is the rate at which excess housing is being absorbed.
Outlook Highlights                                                                        
  • The Freddie Mac House Price Index for the U.S. showed a 4.8 percent gain from March to June 2012, the largest quarterly pickup in eight years; the national index posted a June-to-June rise of 1 percent, the largest annual appreciation since November 2006.

  • Rental vacancy rates have fallen to 8.6 percent, the lowest since the second quarter of 2002. The for-sale vacancy rate has dipped to 2.1 percent, the least since the second quarter of 2006. 
  • Nationally, the for-rent market now appears to be in relatively good balance, with the rental stock close to overall rental demand, resulting in "normal" vacancy levels.
  • This continuing shrinkage in excess vacant stock is important because it means that in most markets the REO homes on the for-sale market are not competing with an oversized vacant housing inventory.
  • Even if national indexes dip in the seasonally weak autumn and winter months, the declines probably won't be big enough to erase the good second-quarter news on home values.
Watch a short preview video and download the complete August 2012 U.S. Economic and Housing Market Outlook. Freddie Mac compiles data on major economic and housing and mortgage market indicators and offers forecasts based on those indicators.
Quotes
Attributed to Frank Nothaft, Freddie Mac, vice president and chief economist.
  • "While the shadow inventory persists, there is an important difference in today's market compared with those of recent years and that's the substantially reduced amount of excess vacant housing. The housing recovery may finally be coming out from the shadows."
Get the latest information from Freddie Mac's Office of the Chief Economist on Twitter:@FreddieMac
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing. www.FreddieMac.com.

Read more here: http://www.sacbee.com/2012/08/08/4705993/august-2012-us-economic-and-housing.html#storylink=cpy