Nobody really wants to say that we are in a recession.  But all you have to do is read the news to know that things are not getting any better.  Gas prices have made Americans drive 4.3 percent less compared to a year ago.  This doesn’t seem like a big deal until you realize that 4.3 percent is equivalent to 11 billion miles!  U.S. home prices just dropped 14.1 percent from a year ago last month, which represents the largest percentage drop year-over-year since they started tracking home prices in 1988.  The recent drops in home sales and prices have essentially cleared all of the price gains from 2004 to the present.

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

If you Connect with Facebook your email address will not be published.


Enter the anti-spam code displayed above (required)