Recent statistics on housing prices and construction make it clear that the booming market of the past few years has ended. As of July, prices of previously owned homes rose at their slowest pace in 11 years, and real housing prices--that is, after inflation is taken into account--have declined. New housing starts were down 13.3 percent over a year earlier.
This is the new economic reality in the U.S.--rising inequality even in boom times, and setbacks for workers during recessions, while both main political parties collaborate to further the employers’ agenda.
2006-09-07
12:49:38
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15 answers
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Anonymous
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Politics