Real Estate

Ken Houghton looks at something one of the head honchos at KB Homes said about the tax cuts and notes:

Yep, the market for KB Homes especially has always been driven by people who make less than $75,000/year, and who think that $600 justifies adding mortgage debt.

Meanwhile, Yves Smith tells us that commercial real estate prices are falling. Color me shocked.

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Update. Dean Baker looks at who hasn’t noticed the drop in home prices…

And with that, I figured I should change the title of this post – its more about real estate than about stimulus…