In response to:

Where Have All Our Houses Gone

Obadiah Wrote: Feb 03, 2013 11:17 PM
if republicans had any idea about getting things working, romney would be president now. tax credits for plutocrats, massive weapons buildups and largesse to Campaign Contributors are just not marketable anymore.

Did you read the story home prices are up due to falling inventory? Case-Shiller just reported home prices were up in their 20 city index 5.5% in November all the way back to 2003 levels.

Regarding these price increases one must put them into perspective. As reported at the BusinessInsider, Quinn Eddins at RadarLogic argue the recent rise in home prices reflects the weakness in 2011 home prices more than the strength of 2012 home prices. I concur.

The reason for prices rising? According to the WSJ: “Economists see the report as a sign of the housing market...