Tag Archive | "home prices"

Why are we trying to stop the slide in home prices?

Tim Cavanaugh in this month’s issue of Reason states the obvious about the housing market (“House of Pain”). We all knew that housing prices had gone way, way out of control, particularly in markets like mine (Los Angeles), where people were buying small fixer-uppers-just-to-make-them-a-fixer-upper homes for nearly half a million dollars. The type of homes [...]

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The Biz Roundup December 27

How far can home prices fall? The sky’s the limit. The median home price in the L.A.-Long Beach-Glendale metro area is projected to fall nearly 25% in 2009 – the biggest drop in the country. (“10 Worst Real Estate Markets for 2009,” Fortune, December 24) Did Jack Skellington kidnap Santa so that Halloween-land could take [...]

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