Home prices rose in ninth straight month: S&P

It’s now almost January. The figures for housing prices released today reflect the economic reality two months ago, before the Fiscal Cliff scare started impacting markets. For example, retail sales have been tanking compared with their October levels. So these figures today are pretty useless. It is astonishing that it takes 2 months to gather this data.

TommyPaine
It does not take 2 months to gather the data. It takes two months to strategically release it to gain the optimal benefit for the current regime. Like the week of the last ditch effort to convice some one (not me) to buy obama’s fiscal plan. If they released info for Nov or even so far this month…”well it would not look good”.

“U.S. holiday retail sales this year were the weakest since 2008, when the nation was in a deep recession.”

-Marshal Cohen, chief research analyst at the market research firm NPD Inc.

totheregime: LOL

We need to abolish taxes to high-enders and corporations so they have enough money to create jobs. And we need to double defense spending so taxpayers can create jobs by replenishing our fleet of battleships to World War 1 levels.

However, the latest figures are the negative reality . . . “home prices in 12 of the 20 cities fell in October from September as home values tend to decline in fall and winter, Blitzer said.
“Chicago experienced the largest non-seasonally adjusted decline at 1.5 percent, followed by a 1.4 percent fall in Boston.”
2013 is going to be bad.

yes housing prices are up, and nearly every employer/manager in the U.S is working overtime trying to figure out how to get ALL their employees to work cheaper and with no benefits

“Prices in the 20 cities rose 4.3 percent year over year, beating expectations for a rise of 4.0 percent.”

Wow! So at that rate it will only take another 10 YEARS to get back to 2007 level.

Can’t wait!