Home prices fell in 13 of 20 cities in January, paced by a 3.4 percent decline in Minneapolis, a 2.4 percent drop in Seattle, and a decline of 1.9 percent in San Francisco. On a year-over-year basis, Phoenix saw the biggest drop, down 9.1 percent, followed by a decline of 8.1 percent in Detroit, and prices fell 7.8 percent in Portland. source Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
Wednesday, March 30, 2011
Housing Double Dip?
Home prices fell in 13 of 20 cities in January, paced by a 3.4 percent decline in Minneapolis, a 2.4 percent drop in Seattle, and a decline of 1.9 percent in San Francisco. On a year-over-year basis, Phoenix saw the biggest drop, down 9.1 percent, followed by a decline of 8.1 percent in Detroit, and prices fell 7.8 percent in Portland. source
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housing market
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