Crumbling Foundations

December 26, 2007

CNNMoney reported last week that home prices fell 6.7 percent in October, the largest drop in 16 years and the 10th consecutive monthly drop. Some U.S. cities are experiencing declines in single family home values of as much as 30 percent. Only three cities in the entire country are showing positive growth.

But hey, the economy is fine — just ask the Bush administration.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: