All Commentary
Tuesday, January 26, 2010

December Bad for Existing-Home Market

“Sales of previously owned homes took their biggest tumble in at least 40 years last month as the impact of a buying spree spurred by a tax credit for first-time buyers waned, according to industry data released Monday.” (Washington Post, Tuesday)

The illusion of government stimulus.

FEE Timely Classic
“Can the Feds Save the Housing Market?” by Robert P. Murphy