The Case Shiller composite index of 20 metropolitan areas shows home prices fell a worse-than-expected 3.6% in March from a year ago.
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Only down 3.6%? I was expecting more.
ReplyDeletewhy is always "less than expected " when the numbers are low but when they are high its "right on the mark" than those numbers are always later "adjusted " to a lower number
ReplyDeletethe truth is that along with this report was one which indicated that we are officially in a double dip recession. Consumer confidence is down again and Americans are not optimistic about where they will be financially a year from now. Did anyone really think this false economy was sustainable? They were just kicking the can further down the road but it will always stop somewhere. When it does, we will always catch up with it. This time it can't be kicked any further. The government doesn't have any more money for corporate welfare. There is nothing left to give the banks. Hence there is no reason for them to allow the government to drag this out any further. Economic collapse is inevitable and many people know it.
ReplyDeletekeep falling when it crashes I'll buy and I'll buy from an owner because I'm not paying a realtor big bucks for nothing.
ReplyDeleteJust because conservatives choose to tout the numbers when they are doom and gloom and ignore months with positive numbers, doesn't really make it a "double dip recession". Seems to me, we are primed to see normal sustainable growth, not a boom and bust period like the last 2 decades.
ReplyDelete9:52 Your on crack we are in a democrat caused depression.
ReplyDelete