Truthmatters
Diamond Member
- May 10, 2007
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deny reality
its clear that has really worked really well for your party huh?
Probably.This president sucks!
As a result of the pickup in demand, the inventory of homes for sale has dwindled, driving up real-estate values and encouraging more construction. There were 2.03 million existing homes on the market in November, the fewest since December 2001, and 151,000 new houses for sale, close to the 142,000 reached in July that was the lowest since records began in 1963.
The most recent S&P/Case-Shiller index of homes in 20 cities showed prices increased 4.3 percent in October from a year earlier, the biggest gain since May 2010. The gauge is up almost 9 percent since reaching a 10-year low in March.
Builders broke ground on 954,000 new homes at an annual rate in December, according to Commerce Department data released Jan. 17. Last months starts capped the best year for the industry since 2008, adding to signs residential real estate is contributing to economic growth.
If this is recovery....LOLz
Obama is on track to be as big a long term fuck up as FDR