Tuesday, May 10, 2011

                        HOMES DECLINE IN VALUE....
                                                          Under Obama Administration....


“Home Values Posted The Largest Decline In The First Quarter Since Late 2008, Prompting Many Economists To Push Back Their Estimates Of When The Housing Market Will Hit A Bottom.” (Nick Timiraos, “Home Market Takes A Tumble,” The Wall Street Journal, 5/9/11)

 Home Values Have Fallen Due To “An Abundance Of Foreclosed Homes.” “Home values fell 3% in the first quarter from the previous quarter and 1.1% in March from the previous month, pushed down by an abundance of foreclosed homes on the market, according to data to be released Monday by real-estate website Zillow.com.”(NickTimiraos, Home Market Takes A Tumble,” The Wall Street Journal, 5/9/11)

 
http://youtu.be/b3S9jxBvNYQ
“It's Official. Home Prices Have Double Dipped Nationwide, Now Lower Than Their March 2009 Trough, According To A New Report From Clear Capital.”(Diana Olick, “National Home Prices Double Dip,” CNBC, 5/5/11)
Source Republican National Committee Research: www.gop.com