Tuesday, March 29, 2011

There Is No Recession in Washinton, DC!

http://finance.yahoo.com/news/Home-prices-falling-in-most-apf-2179818115.html?x=0&.v=1

Real estate continues its bull market in Washington, DC.  No recession there!  Plenty of government workers buying up houses with our tax money.  But just think of what a great job they are doing for us!  Right on!

"Home prices in the nation's capital are up 3.6 percent year over year and have risen nearly 11 percent since they bottomed out in March 2009. And among the 20 cities, prices there have held up the best since 2000, appreciating almost 84 percent."

Meanwhile, in the real world:

"Home prices are falling in most major U.S. cities, and the average prices in four of them are at their lowest point in 11 years. Analysts expect further prices declines in most cities in the coming months."

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