AV8OR wrote: Enjoy the ride down folks! It only gets worse.
Are you talking about lack of Bush too? rofllol
Saw a great bumpersticker back during Clinton election.
"Lick Bush in 92"
Back on topic, I think things are going to get worse before they get better. The FDIC has already closed more banks this year than last year and the mortgage/foreclosure crisis is still circling above us.
Thomas Sowell: There are no solutions, just trade-offs.
By Dina ElBoghdady
Washington Post Staff Writer
Tuesday, January 25, 2011; 4:12 PM
While home prices continue to tumble in many major metropolitan areas, the Washington region is one of the few bright spots where prices are rising, according to two reports released Tuesday.
This Story
Only four of the 20 areas tracked by the S&P/Case-Shiller Home Price Index posted year-over-year price gains in November. Washington led the way, with a 3.5 increase in single-family home prices, according to the report's numbers.
A separate analysis by research firm Delta Associates found that average home prices in the D.C. area in the fourth quarter were up 7.5 percent from a year earlier, to $404,501. The jump was the area's fifth consecutive quarterly gain, the report said.
The Washington region outshines many other metro areas in part because its robust job market has bolstered demand and prices for housing. But the area faces a risk over the coming months that the federal government could rein in spending and slash its workforce, undercutting the local economy and upending the gains in home prices.
Nationally, housing prices remain under pressure from the bloated supply of foreclosures and the nation's high unemployment rate. As long as people are without jobs or fear losing their livelihoods, they are unlikely to buy homes and help drive up prices.
Yeah, there are some really bad pockets of unemployment and housing... Have been since BUSH left office with 754,000 jobs-a-month being lost by the end of his administration.
I guess the DOW didn't get the memo.
In the meantime, I guess you guys that were pissing-and-moaning about the DOW going under 11,000 will have find something else to be outraged about for a few days...
Yeah, isn't it interesting that the same folks that were so eager to hang the dip-below-11,000 around Obama's neck are suddenly so eager to attribute the rise-above-12,000 to: sunspots, sneezing, hickies-on-Michelle-Bachmann's-neck, or anything EXCEPT Obama's performance in office?