National Home Prices Double Dip

Bank owned home sales comprise 34.5 percent of the market. Nationwide, home prices have fallen 11.5 percent in the past 9 months.

The housing recession is completely government created, due to saturating the market with “sub-prime” mortgages. Now, big government keeps telling us that they hold the key to the solution. The only good news is that this pain is necessary to return a reasonable price equilibrium to the government-distorted market. Perhaps when this dip is over we can start to see a real recovery. The absolute worst thing politicians can do right now is implement another government “stimulus” program to prop up prices. Such an approach will only waste more taxpayer dollars and temporarily postpone the inevitable.

By | 2011-05-14T18:19:14+00:00 May 14th, 2011|Uncategorized|Comments Off on National Home Prices Double Dip

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