Improving Job Market Driving Up Home Prices!!! THANKS OBAMA
Home Prices Rise in 88% of U.S. Cities as Recovery Gains
By Prashant Gopal & John Gittelsohn - Feb 11, 2013 9:00 AM CT.
Prices for single-family homes climbed in almost 88 percent of U.S. cities in the fourth quarter as the housing recovery broadened.
The median sales price increased from a year earlier in 133 of 152 metropolitan areas measured, the National Association of Realtors said in a report today. In the third quarter, 120 areas had gains.
An improving job market and low interest rates are driving up prices by fueling demand for a tightening supply of listings. U.S. home prices rose 8.3 percent in December from a year earlier, the biggest jump since May 2006, Irvine, California- based CoreLogic Inc. reported Feb. 5.
SUPPLY SIDE ECONOMICS IS A DEAD THEORY LIKE CREATIONISM.
hey phands you like most rednecks need to study economics - go to the book store and get yourself a primer on Keynesian economics - you might find that in addition to demand side there can be a supply side also such as when the economy is exploding and inflationary pressure is high- take the night off from the water front for a change and see if Im right