Thursday, August 13, 2009


Housing Has Not Bottomed (But Cramer Said!)

Home price declines in the U.S. accelerated in the second quarter, dropping by a record 15.6 percent from a year earlier, as foreclosures weighed on values... The median price of an existing single-family home dropped to $174,100, the most in records dating to 1979, the National Association of Realtors said today. Total sales rose 3.8 percent to a seasonally adjusted annual rate of 4.76 million from the first quarter and fell 2.9 percent from 2008’s second quarter.

Remember, Cramer said housing bottomed June 30th...

Denninger: Housing Has Not Bottomed (But Cramer Said!)

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