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The Obama Boom: Home prices decline

by Phantom Ace ( 3 Comments › )
Filed under Economy, Headlines at December 27th, 2011 - 9:59 am

Good times are here again the media and the Obama cult have declared! They claim we are in the midst of an unprecedented economic boom. Despite this, reality seeps into the news. Housing prices fell last month across most US cities.

U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy.

The Standard & Poor’s/Case-Shiller index shows prices dropped in October from September in 19 of the 20 cities tracked. Prices in a majority of cities declined for the second straight month. Prior to that, they had risen for five consecutive months in at least half of the cities tracked.

The Obama Boom continues to roar!

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This entry was posted on Tuesday, December 27th, 2011 at 9:59 am and is filed under Economy, 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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