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More Joyous News From The Housing Market

by Iron Fist ( 34 Comments › )
Filed under Headlines at March 29th, 2011 - 12:51 pm

This is awful:

‘No Real Hope In Sight” As Case-Shiller Shows Housing Recession Still Here
Mar. 29 2011 – 11:43 am | By AGUSTINO FONTEVECCHIA

Housing is not even close to recovering -The Library of Congress via Flickr

Continuing its descent to the lower depths of a double-dip trough, the U.S. housing market fell even further in January, according to the widely followed S&P/Case-Shiller Home price Indexes. The 20-City Composite fell 3.1% from January 2010 while 11 of the 20 metropolitan areas (MSA) surveyed hit their all-time lows since the index began. In the words of David Blitzer, Chairman of the Index, the latest readings “bring us weakening home prices with no real hope in sight for the near future.”

The Recession is real. It is taking jobs, and costing life savings. The people who deny this are either getting rich off of it or have something to lose by admitting the truth. Or both.

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This entry was posted on Tuesday, March 29th, 2011 at 12:51 pm and is filed under Headlines. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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