You’re Not Alone….

… even Fed Chairman Bernake’s house has lost a lot of its value. According to Bloomberg:

March 20 (Bloomberg) — The U.S. housing recession has arrived literally on the doorstep of Federal Reserve Chairman Ben S. Bernanke.

Bernanke lives in Washington’s Capitol Hill area in a four- bedroom, 2,600-square-foot house he bought new in May 2004 for $839,000. Almost four years later, it may not be worth any more, according to real estate records and local agents.

Bernanke’s timing wasn’t the best — values in the area peaked a year later — and he is hardly alone among Americans living in an investment that’s turned cold.

I’m sure he’ll be just fine, but it’s apparent that everyone is affected by this.

This site is for informational purposes only. It is not sponsored or in any way affiliated with the government. If you are in need of a mortgage loan, consult with a licensed mortgage professional. All fair housing and equal housing opportunity laws apply when applying for a mortgage or buying a home. Copyright 2012.