S&P released the December Case-Shiller Housing Price Index data this morning: no market has been spared from the free fall. Steep price declines continue in ultra-bubble regions Las Vegas, Miami, San Diego, Phoenix, and Las Vegas. Even the relatively healthy markets of Charlotte, Dallas, and Atlanta have been sliding since mid-2008. Here's the line chart: read more »
Today's latest release of the Standard and Poor's Case-Shiller Housing Price Index indicates a continued price free fall across the board. Hyper-inflated markets such as Miami, Los Angeles, Washington, DC, San Diego, and Las Vegas continue to come back to earth. Check out the chart. read more »
The late Jesse Unruh, longtime speaker of the California Assembly, was a giant of a man, both in accomplishment and girth. But he will be forever remembered for having said that “Money is the mother’s milk of politics”. read more »
In Boston, 65 parishes have been shuttered since 2004 and 30 have been sold - some to developers. And now, these former neighborhood institutions are becoming something truly unholy - high-priced condominiums. This article in the Boston Globe chronicles the trend. But hey, at least the priests are offering their blessings to these buildings' new uses at the developer's behest.