Tuesday, February 24, 2009

Going Down

Home price drop is record in S&P Case-Shiller index

NEW YORK (Reuters) – U.S. home prices plunged at a record pace in December and consumer confidence hit a new low in February, data showed on Tuesday, as Federal Reserve Chairman Ben Bernanke warned the recession could extend beyond this year. Good news for those like me still looking. But I wish someone would have told all the vendors around my neck of the woods.

Posted by bearishonhouses @ 06:45 PM (2868 views)
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