My friend Jim Leach told Greg Bishop and the WMAY audience that I would have a hard time reconciling the slowly recovering housing market with Obama bad. If Jim had listened to Lets Talk Real Estate he would have heard me report what the association reported today, almost verbatum. Its easy Jim, we are on pace to sell about 350 homes fewer than the five year average, and 550 homes below the peak prior to Obama taking office. The recovery is fake, propped up by QE fiat dollars and not natural market forces. The stock market will continue to rise so it can fall farther and harder when Yellin continues Bernanke QE policy, as will the housing market, and economy. Any recovery has been subdued by Obamanomics like OCare, EPA, taxes, debt, and deficits. Did I say Obama bad? NO, I said I despise him for what he has done. Obamacare is just the tip of the progressive iceberg. FYI the national housing market? Closed sales of existing, and new homes, along with pending sales all down. Just sayin. Good to be in Springfield. For now.
Posted on: Fri, 15 Nov 2013 12:40:46 +0000
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