Wednesday, December 26, 2007

Crumbling Foundations

CNNMoney reported last week that home prices fell 6.7 percent in October, the largest drop in 16 years and the 10th consecutive monthly drop. Some U.S. cities are experiencing declines in single family home values of as much as 30 percent. Only three cities in the entire country are showing positive growth.

But hey, the economy is fine -- just ask the Bush administration.

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