A lie told often does not become a truth. So even though the MSM and political / corporate leaders keep parroting the 'Economic Recovery' line, the facts just keep getting in the way of their LIES. There can be no no Economic Recovery until people in America once again have well paying jobs that make it affordable for them to buy houses. I don't need a degree in Economics from Harvard or The London School of Economics to understand that an Economic Recovery cannot result from a housing market. Without high paying jobs, people cannot buy houses, so no matter how many times CNBC or Bloomberg or Obama tell us that the American Economy is recovering, that oft repeated lie will not make it true. So is it any surprise that we keep reading reports of housing prices continuing to drop? An Economic recovery has never resulted from people buying more houses, it has always been a result of people having more and better paying jobs so that they could buy more houses! A JOBLESS RECOVERY! LOL!!!
REUTERS: Home prices continue to drop; consumers turn Gloomy (when exactly have American consumers been Exuberant these past 5 years?)