The Housing Market Meets the Big Bad Wolf Economy; Housing Market Dips 25.5%

This week we learned that the housing market is built of sticks and straw and not bricks, as the Big Bad Wolf huffed and puffed in the form of the U.S. economy and blew the U.S. housing market down 25.5 percent below the level it was a year ago.

As reported in the New York Times and by the Associated Press via Comcast, the final blow to the housing market was the...read the rest of the story here.