Relevant and even prescient commentary on news, politics and the economy.

The bifurcation in the new vs. existing home market continues

The bifurcation in the new vs. existing home market continues  – by New Deal democrat Last week we saw that sales of existing homes plummeted to a 28 year low, save for one month in 2010; but prices for the very limited number of such homes on the market rose 2.8% YoY. This morning we saw […]