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There’s been much talk and concern since the news on August 5 that Standard & Poor’s downgraded the United States credit rating for the first time from an AAA to AA-plus.
A video and other resources on the expected impact based on preliminary analysis by National Association of REALTORS® Chief Economist Lawrence Yun may be accessed via the National Association of REALTORS® website here. In the video, Yun explains and discusses how the credit downgrade could impact consumer confidence, mortgage rates and the real estate market.
Silicon Valley Association of REALTORS® says ... 