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IPFS News Link • Housing

Case Shiller Index: Phoenix Home Prices Off 4.5 Percent in March

• StandardandPoors.com
How can the Main Stream Media claim that that the US housing market is turning around when you have Minneapolis -6.1%, Detroit -4.9%, Phoenix -4.5%, Las Vegas -3.8%, Miami -3.5%. Chicago -3.1%, Tampa -2.7, and New York -2.5%.

1 Comments in Response to

Comment by Morpheus
Entered on:

The MSM is in bed with the banks and Realtor alike. When people are buying houses the realtors are spending money on advertisements in the media. They can say this prices aren't falling like they were so this suggests the worst is over. Telling people it is over now you can go back to buying houses again and get the machine of the economy moving again by the creation of new money.



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