And what, 50% appreciation a year is considered “normal times”?
“As reported Tuesday, the S&P/Case-Shiller Home Price Index’s 12.7% decline in February was the largest drop since its creation in 2001. Despite that index’s limited seven-year history, the Associated Press reported that home prices “plunged by a record” percentage and “at their fastest rate ever.””
Okay Yun, why don’t you look at the Median Resale price then? Oh, because that’s even worse.
This is propaganda at it’s worst, insulting at best, and all around simply pathetic.