Home prices fell in December in most US cities

Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices. Yes, that’s the AP doing it’s journ0listic objective best to spin this story positively. “Sales gains” don’t do crap to “lift prices” until there are more buyers than sellers, but it took them until the last paragraph to notice the piece of lead holding down their baloon: foreclosures.

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

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I HATE THE MEDIA ™
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