The Media is cheering that Consumer sentiment is up despite the high oil prices. The Pharaoh’s propaganda machine seems to working with many Americans. Despite the propaganda, reality crashes into the Obama Boom lie. Housing prices continued to decline in December. This indicates a depressed housing market, despite the propaganda.
WASHINGTON (AP) — 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.
The Standard & Poor’s/Case-Shiller home-price index shows prices dropped in December from November in 18 of the 20 cities tracked. The steepest declines were in Atlanta, Chicago and Detroit. Miami and Phoenix were the only cities to show an increase.
The declines partly reflect the typical slowdown that comes in the fall and winter.
Still, prices fell in 19 of the 20 cities in December compared to the same month in 2010. Only Detroit posted a year-over-year increase. Prices in Atlanta, Las Vegas, Seattle and Tampa dropped to their lowest points since the housing crisis began.
The greatest economic boom in the history of the solar system continues apace!
Tags: housing, Obama Boom, Real Estate
