To the People

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or TO THE PEOPLE.

Thursday, April 23, 2009

It's Not Quite Over

Down, down, down they go.

You know that thing that is the "biggest assets of most American consumers"? Yeah, home prices are still dropping at a double-digit pace:

Home prices fell nearly 10 percent in the Baltimore-Towson region in February, accelerating the downward spiral seen in the same period a year ago.

The drop is less dramatic than in some other cities — parts of California, Florida and Nevada are seeing drops of greater than 20 percent, according to new data from First American CoreLogic’s Home Price Index.

Nationally, housing prices fell 12.2 percent in February, when compared with February 2008. Home prices nationally and regionally have been on a steady decline over the past three months after leveling off in the fall, according to First American.

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