Capitalism is starting to self correct the housing market as it will always do in every market if left alone. But the left would rather confiscate taxpayer money to institute feeble, inefficient and reckless interference in the process. Wealth is created by individuals empowered with economic freedom. Government creates wealth and power only for itself.
** "Falling home prices are spurring an increase in all-cash home sales in markets that have been hardest hit by the foreclosure crisis, an indication that bargain hunters have descended on the markets looking for deals.
Homes financed with cash comprised one-third of sales in Phoenix last month, up from 19% one year ago, according to a report by Raymond James & Associates Inc. In Sacramento, Calif., all-cash sales accounted for 24% of total home sales last month, up from 8% in January 2008 and 3% in January 2007, according to the Sacramento Association of Realtors. Sacramento and Phoenix have each ...
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