- U.S. Home Sales Fall to 10-Year Low as Prices Tumble (Bloomberg)
- U.S. Foreclosures Rise 55%, Bank Seizures Reach High (Bloomberg)
- Consumer prices rise at double the expected rate (AP)
Despite all this an much more some are saying the bottom is here or near. No, the bottom is not here or near. Prices are still heading down and the housing markets in most areas remains anemic.
Oh and check this amazing post trashing the Realtors': Affirming the credibility of Baghdad Bob and Crew.