The U.S. remains locked in a \u201cdeep and broad recession.\u201d Every major housing trend indicates \u201ca market that is likely to decline even more.\u201d More specifically, house prices in 20 major cities fell to April 2009 levels, their lowest yet, based on the latest Standard & Poor\u2019s\/Case-Shiller home price report. Moreover, a Census Bureau report shows that \u201cnew home sales in March remained near their lowest levels since records were first kept in 1963.\u201d An \u201call-out effort\u201d is needed to put people back to work and stop foreclosures, but this looks unlikely. \u201cWithout a healthy housing market, there cannot be a healthy economic recovery.\u201d
\nhttp:\/\/www.nytimes.com\/2011\/04\/27\/opinion\/27wed2.html?partner=rssnyt&emc=rss<\/p>\n
The U.S. remains locked in a \u201cdeep and broad recession.\u201d Every major housing trend indicates \u201ca market that is likely to decline even more.\u201d More specifically, house prices in 20 major cities fell to April 2009 levels, their lowest yet, based on the latest Standard & Poor\u2019s\/Case-Shiller home price report. Moreover, a Census Bureau report shows that \u201cnew home sales in March remained near their lowest levels since records were first kept in 1963.\u201d An \u201call-out effort\u201d is needed to put people back to work and stop foreclosures, but this looks unlikely. \u201cWithout a healthy housing market, there cannot be a healthy economic recovery.\u201d
\nhttp:\/\/www.nytimes.com\/2011\/04\/27\/opinion\/27wed2.html?partner=rssnyt&emc=rss <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The U.S. remains locked in a \u201cdeep and broad recession.\u201d Every major housing trend indicates \u201ca market that is likely to decline even more.\u201d More specifically, house prices in 20 major cities fell to April 2009 levels, their lowest yet, based on the latest Standard & Poor\u2019s\/Case-Shiller home price report. Moreover, a Census Bureau report […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[13,662,269,8,12],"class_list":["post-712","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-economy","tag-foreclosure","tag-recession","tag-u-s","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=712"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/712\/revisions"}],"predecessor-version":[{"id":717,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/712\/revisions\/717"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}