Apr 2 2011

The financial elixir that is falling home prices – Lower home prices good for the economy – Median U.S. home price down to $157,000 taking up 3 times the annual household income instead of the bubble peak of 5. Adding jobs while home prices move lower? Banks big winners when home prices remain inflated.

It is interesting that in the short-term horizon of our economy falling home prices are occurring while jobs are being added.  The banking sector during the early days of the crisis made it abundantly clear that falling home prices would lead to economic collapse.  Yet the opposite is occurring. Why?  First, inflated home prices eat […]

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