Tuesday, February 23, 2010

Home prices are going down...again!!!

During the last three months of 2009, home prices fell 2.5%. Even though the crash isn't as bad as the one we experienced in the 2008-beginning of 2009. According to a Yale economist, Robert Shiller, "Prices fell 11% between November 2008 and April 2009, and then rose 8% in the subsequent six months."

We can definitely say that the housing market is getting better. But I think it's too early to say that the real estate is back on its game. Houses that were once worth a million dollars are now not nearly as much.

From where I see it, the economy is getting better. The results aren't as evident but they are leaving their mark.

What do you guys think? Do you think the economy will be better by the end of this year or maybe even earlier? Let's just hope it gets back to normal soon because the Republicans didn't look so happy when Obama suggested "freezing govt spending" in his State of the Union Address.

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