Tuesday, May 31, 2011

Case-Shiller Index Expected to Show New Low in House Prices - NYTimes.com

Case-Shiller Index Expected to Show New Low in House Prices - NY Times.com Nearly halfway through 2011 and Case-Shiller index is expected to show new lows in housing prices and the bottom looks to be a ways off as of yet. This is an interesting article and it says that people are a bit gun shy about buying a house after the real estate crash. It is no surprise that people are holding back from purchasing. There will be a long hangover from what has occurred the past several years. The public trust has been severely damaged. Since the banks have not been held accountable for any of their part in creating this crisis it seems logical that people will likely never feel the same about the economy again. Many people had worked for years to build for retirement but the government is giving off the impression that crime does pay as they let Wall Street and the big banks get away with wiping out middle America. If the preview to the Case-Schiller index is correct, it will reveal that the housing market is still severely damaged. Clearly the homeowners are the ones left to be dumped upon who have no lobby working hard in their favor like the banks and Wall Street Brokerage houses .

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