December 1, 2010

RECESSIONS, LIKE TAXES, ARE FOR THE LITTLE PEOPLE: There’s One Housing Market Is Holding Onto Its Bubble Gains Better Than Any Other. “Probably the most grating aspect of the recent history of home prices around the country (at least, to me) is that, due in large part to the rise in government bailouts and federal deficit spending, the greater Washington D.C. area has been the best housing market for some time now, holding on to its housing bubble gains better than any other region as shown below in the latest data for the S&P Case-Shiller Home Price Indexes. And the home price gains near the nation’s capital just keep on coming, the September data showing an increase of 0.2 percent while every other region (except basket case Las Vegas) showed price declines.”

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