Housing Boom and Bust

Stimulus plans offering as much as $1,200 per couple and $300 per child may do little to offset the mounting economic distress caused by a decline in housing prices across the country, and especially in areas like Phoenix, where a massive run-up in home prices has turned into a double-digit decline.

SOURCE: Standard & Poors Case-Shiller Home Price Index | GRAPHIC: The Washington Post - February 5, 2008

This Story Housing Crisis Casts a Cloud Over Sun Belt Article \| PHOENIX -- When residents of Maricopa, Ariz., south of Phoenix, vote in the presidential primaries Tuesday, it will be against a backdrop of vacant storefronts and sprawling, terra-cotta-roofed subdivisions that are studded with for-sale signs as far as the eye can see. Democrats Seek GOP Support For Stimulus Bill More Banks Stiffen Rules, Fed Finds Housing Boom and Bust		TOOLBOX E-Mail This Save/Share + Digg Facebook Reddit Twitter myspace SOURCE: Standard & Poors Case-Shiller Home Price Index \| GRAPHIC: The Washington Post - February 5, 2008 ¬es=Stimulus plans offering as much as $1,200 per couple and $300 per child may do little to offset the mounting economic distress caused by a decline in housing prices across the country, and especially in areas like Phoenix, where a massive run-up in home prices has turned into a double-digit decline." onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('delicious')" onmouseout="resetbg2('delicious')" target="new">del.icio.us SOURCE: Standard & Poors Case-Shiller Home Price Index \| GRAPHIC: The Washington Post - February 5, 2008 \'),\'newstrust\'+(new Date()).getMilliseconds(),\'dependent=no,scrollbars=yes,resizable=yes,alwaysRaised=yes,status=yes,directories=yes,location=yes,menubar=yes,toolbar=yes,width=430,height=750,modal=no\'));ntw.focus();'" onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('newstrust')" onmouseout="resetbg2('newstrust')">NewsTrust Stumble It! COMMENT 0 Comments Your browser's settings may be preventing you from commenting on and viewing comments about this item. See instructions for fixing the problem. Discussion Policy CLOSE Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post. Who's Blogging » Links to this graphic
» This Story:Read +\|Watch +\| Comments