As reported by KCBS: MENLO PARK, Calif. (KCBS) -- At a time when many cities are grappling with massive deficits, one Peninsula city has massive reserves in its rainy day fund.

The Joint Center for Housing Studies is Harvard University's center for information and research on housing in the United States, and they have recently released their annual "State of the Nation" report. It is an excellent piece that encompasses the major issues facing the housing markets. Attached is a fact sheet summarizing the report's major points. Please contact us if you would like a copy of the full report.