THE WALL STREET JOURNAL
REAL ESTATE
MAY 9, 2011
Home Market Takes a Tumble
Turnaround More Distant After 3% Drop, Steepest Quarterly Decline Since 2008
BY NICK TIMIRAOS AND DAWN WOTAPKA
Home values posted the largest decline in the first quarter since late 2008, prompting many economists to push back their estimates of when the housing market will hit a bottom.
Home values fell 3% in the first quarter from the previous quarter and 1.1% in March from the previous month, pushed down by an abundance of foreclosed homes on the market, according to data to be released Monday by real-estate website Zillow.com. Prices have now fallen for 57 consecutive months, according to Zillow.
Last year, the housing market showed signs of improving as price depreciation slowed in some markets and ...
Why is it that Saturday Night LIVE sees the GOP contenders as a joke they are but not the current joke- Obama?
http://www.nbc.com/saturday-night-live//video/GOP-Debate/1325764