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When the people fear the government, there is tyranny; When the government fears the people, there is liberty.  ~ Thomas Jefferson

 

Entries from March 23rd, 2010

CBO Update

March 23rd, 2010 · CBO Update

The following has been added to CBO’s Web site (www.cbo.gov):

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Existing home sales fall for third straight month

March 23rd, 2010 · Congress, Deception, Democrats, Economy, Federal Spending, Housing Industry, Money Lost, News Alert, Non-Transparency

10:03 AM EDT Tuesday, March 23, 2010

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Sales of existing homes fell for a third straight month in February, pushing sales down to the lowest level since last July. There is concern that the fragile housing rebound could falter, making it harder for the overall economy to recover.

 The National Association of Realtors said that sales of previously occupied homes dropped 0.6 percent in February to a seasonally adjusted annual rate of 5.02 million.

 The weakness in sales depressed prices, with the median home price dropping by 1.8 percent from a year ago to $165,100.

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