It seems the Federal Reserve may maintain some excuse to keep printing money. Hundreds of billions printed in the name of economic recovery and inflation can be seen almost everywhere except the housing market, one of two of the Fed?s main targets ? the other being employment. (See ?Inflation Watch? for running highlights of stories on rising prices and related news.)
While I have argued in the past that the housing market will not recover until 2013, bouncing along the bottom on the way there, I continue to be stunned by some of the dire statistics. The latest rounds of housing data have included some stark milestones.
In ?Atlanta?s median home price falls again? (April 20), the Atlanta-Journal Constitution reported that Atlanta?s median home price slid to $100K, a drop of almost 15%. Incredibly, this plunge takes the Atlanta market to levels last seen one year after the 1996 summer
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