The S&P/Case-Shiller index of property values in 20 cities fell 4.5 percent from May 2010, the group said today in New York. The decline matched the median forecast of 32 economists surveyed by Bloomberg News.
A pipeline of foreclosures and uneven demand will keep prices from rising this year, discouraging new-home construction and delaying a rebound in housing. Shrinking home equity and an unemployment rate at 9.2 percent are weighing on consumer spending, which accounts for about 70 percent of the economy.
"OBAMA GO HOME." President Blasted By Pro-Gun Protesters During Roseburg Visit - Bearing Arms - Barack Obama, Umpqua Community College
Support for Pot Growing in Swing States | RedState
Obama's answer on Putin leaves us 'literally speechless'
Feminist Fabricator Lena Dunham Rides Again | Human Events
Here's Trey Gowdy's Scathing Letter to Democrat Elijah Cummings
- Vladimir Putin’s Russia Adopts Concealed Carry
The truth about gun deaths: numbers and actual solutions