The Future Tense
Thoughts On Life, Media and the Financial Markets
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Home Price Declines Continue
The Case Shiller home price index has fallen again month over month. Four cities; Charlotte, Seattle, Tampa, and Las Vegas have hit new crisis lows in price.
The following chart shows the most recent "housing recovery," which may end up looking like a speed bump down the side of a mountain:
Let's just hope the Federal Reserve does not stop buying mortgages....
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