Well, you asked for it. Finally, measurable snow falling around Tahoma. A bit late, true, but, we'll take it. It might last through tomorrow. Viva for the late winter event. This could set the stage for some Spring skiing, or in the case of 2012: winter skiing, only later.
Real Estate
The Case/Shiller Index came out Tuesday with more bad news. The 20 region measure of home prices indicates that prices continue to slide south. Obama hasn't quite figured it out. Maybe he will if he's reelected in November. Judging by the opposition efforts to unseat him, he'll have time in 2013 to boost the real estate market using any new strategy he can come up with.
Since his pal at the Fed,Ben Bernanke, promised low rates for 3 more years, the interest rate lever has been taken off the table. Apparently, the eggheads in DC are playing the waiting game to see if: 1) the Euro will survive,2)PIGS will survive,3)American banks will have to write down Euro -denominated paper on their books.
Until that happens, the RE market will stumble along, looking for the bottom.
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