National Debt Clock

Thursday, April 16, 2009

March housing construction falls 10.8 percent

I told you it wasn't over. And what does this say? It says that demand is down and/or there is too much supply. What happens when demand is down and supply is up? Basic economics tell you that the prices will have to fall to induce buying again. This means that the price of houses still has a ways to fall before recovery can occur.

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