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House Prices Fall 13.5%
House prices fell by 13.5% in England and Wales in 2008 according to the Land Registry. The deepening economic condition left it harder for people to get a mortgage due to the financial markets being in crises and people are scared to commit to a mortgage as unemployment continues to rise.
A Bonus in a Down EconomyMost of the news surrounding the nation’s economy has been shrouded in gloom and doom tones as companies announce massive layoffs and the stock market keeps dropping. Businesses are having trouble staying open and it looks like unemployment is at an all time high everywhere. Still the news out of Maine isn’t all bad. In fact there is one place that seems to be thriving in spite of all of the economic woe.
