After dropping like a stone for the past three or four years, existing home prices in the United States went up a little teeny tiny bit in the second quarter of 2009. HOORAY WE CAN REFINANCE OUR WAY TO HAPPINESS AGAIN! So, the sales price of American houses went up by 2.9% between April Fools Day and the end of June, but they also dropped by 15% as compared to a year earlier. Never mind, we’re still doomed. [Washington Post]
Aug 25 11:39 am 2009
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