After rebounding last year with help from tax incentives, home sale prices fell in November — the fourth month-to-month decline in a row — according to the Case-Shiller Index. Full Story »
Posted by Barry Grossheim - via NewsRack (Poverty)
I find it very interesting that there is no historical context given. Especially about how much housing prices had risen before the present drop.
Though two months behind the current status, the information is fairly broad and deep. The causative analysis is a bit selective and week, blaming unemployment rather than any deeper glimpse at the causes of unemployment, such as trade policy and tax policy that promotes export of jobs that pay well here and promotes immigration of cheap labor on work visas.
The numbers seem to indicate that a recovery in the housing market (and it's influence on the economy) continues to lag. It might be a good time to buy a bargain but it could be years before any gains are seen.
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