The Krile Files

Double Dose of Down

April 22, 2008 · Leave a Comment

There just has to be some good news out there tonight. Somewhere. Help me find it. Certainly not here:

Housing Update

No joy on the home front:Sales of existing homes fell in March while the median home price declined, compared with the price a year ago, as a severe slump in housing showed no signs of abating. The National Association [...]

But, wait.  It gets worse:

Economist: Housing Slump May Exceed Depression

An influential economist who long predicted the housing market bubble cautioned Tuesday that the slump in the U.S. housing market could cause prices to fall more than they did in the Great Depression, and bailouts will be needed so millions don’t [...]

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Categories: Economy · Housing Market

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