For sale signs have become a common stable of front lawns in the Great Recession. Photo by Sean Dreilinger via Flickr.
Home sales prices have been one of the most watched economic indicators during the Great Recession. So when a new set of numbers came out today, reporters nationwide jumped on the data. Changing Gears noticed a little line in the press release that read “Atlanta, Cleveland, Dallas, Detroit, Phoenix, Portland (OR) and Washington D.C. saw improvements in their annual rates of return in February versus January; New York was unchanged.”
Improved? In Cleveland and Detroit? Really? Continue reading
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