Good news-home prices are up again per Case-Shiller index.
Bad news-home prices are still down relative to prior years.
What does "prior years" mean? Try the Fall of 2003! That is the rough equivalent of where we are today, 10/27/2009. Nice, huh? While you chew on that stat, metro ATL lost 27,800 construction jobs in September. What do you think will happen when the tax credit goes away in December? I read a quote from one economist that sales are predicted to drop 5% and eventually bottom out in 2010.
SO... do you have time to contact your leaders in Congress NOW?
Tuesday, October 27, 2009
Welcome back to 2003!
Labels:
case-shiller index,
congress,
economy,
home prices,
housing,
tax credit
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