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 Home Prices PlummetPosted on Aug 28, 2007If you’re caught up financially in the housing bubble (who isn’t these days?), you might want to skip this item. Home prices have fallen by 3.2 percent—the sharpest drop in 20 years, while the median price for homes has gone down for the 12th consecutive month—another record. That’s not good news for a market eager to return to the good ol’ days of easy loans and overpriced homes.
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By mary, August 29, 2007 at 1:01 pm #
What’s even more fun is listening to the cable news “Financial Experts” tell us there’s no housing slowdown, just a bump in the road. Anybody could see this coming over a year ago. My personal favorite is listening to Realtors push for people to buy high now. Hold on people, prices are still falling and no Realtor will tell you to wait. They know very well housing prices have long been inflated. Another industry with no integrity.......
Report thisBy GW=MCHammered, August 29, 2007 at 7:50 am #
(Unregistered commenter)
Congress turns loose the dogz-ov-capitalizing then promises to reign them in for us. Good God, ya’all! Can’t we afford better actors?
Homes only skyrocket when congress and the fed pump lucre into the market. It’s a counterfeit roller coaster. Follow the 3-Cs to the next bubble: capital and congressional cronies.
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