House prices hit post-bubble low. The recession may be over (or not) but home prices are still declining. One reason for that is that unemployment is high and shows few signs of abating soon, Obama-friendly happy talk from the journoliars not withstanding.
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The article didn't say if that was in all "57" states.....
Meanwhile the Real Estate prices are still horrendously over priced in places, like Dirty Harry's favorite haunt, Las Vagas. Where during the bubble they built a house on every stretch of open desert. Of course the local politicians and their not so swift accountants then projected spending many years in advance, and promptly bought way too many bonds.
Of course the solution is to raise taxes, and thus the death spiral into default begins.
Bawny and Dodd cost me a lot.
Unemployment shows FEW signs of abating? Exactly WHAT are those signs? I see NO signs that unemployment is going to abate. Can anyone here correct me on this?
Didn't somebody a year ago call it a "jobless" recovery? I never understood how that could happen, until Nancy told us that unemployment checks are a stimulus.
I'd say it was a "recoveryless recovery", made worse by a lot of presidential "bullshitfull bullshitteries"
C'mon, give Barry a chance. He's teh Smarterest guy in the room he shares with Joe. In fact, you could say that in terms of fixing economies, they're a couple of masterabaters.
Thank you president 0bama!!!!111!!!!eleventy
The democrat party, taking a bad situation and making it much worse for over 200 years.
How are things in your neighborhood? All is well in MSMland as reported here:
"Since the depths of the recession, key aspects of the economy have rebounded. The nation’s output has grown. The stock market began an ascent. The unemployment rate drifted down."
Where do they get these facts and figures??? Yesterday, I heard a forecast exceeding 9% unemployment and that is reported, including those who have dropped off the charts, unemployment in actuality is 17-18%! GDP at all time lows. Journalism must be like throwing darts anymore.