The new Case-Shiller house price numbers (through January) came out yesterday. It was widely reported that they were ugly, and they were–the 20-city composite index was down 10.7% since January 2007 and 12.5% since its peak in July 2006. I was curious how much worse things would look if adjusted for inflation. Here’s what I [...]
The NYT has an article today contrasting John McCain’s views on the housing crisis with those of Hillary Clinton and Barack Obama. It begins: SANTA ANA, Calif. — Drawing a sharp distinction between himself and the two Democratic presidential candidates, Senator John McCain of Arizona warned Tuesday against vigorous government action to solve the deepening [...]
