Home Price Rebound?…Don’t Hold Your Breath

 (From TheHousingBubbleBlog)…
The Associated Press reports on California. “Median home prices dropped 26.7 percent in May across Southern California’s six most populous counties compared with last year. DataQuick said it marked the steepest annual drop since the firm began keeping records in 1988. Median home prices fell to $370,000 in Los Angeles, Orange, San Diego, Riverside, [...]

The Not So Good…The Bad…and The Ugly

BAD NEWS: The forgettable first half of 2008 is stumbling to a close. On Friday, the Labor Department reported that American employers axed 49,000 jobs in May, the fifth straight month of job losses—an event that signals a recession sure as the glittery ball dropping on Times Square augurs a New Year. The report, which [...]