House Poor America

The double dip of recession in home prices seems to be confirmed by the recently released Zillow report. I believe there never was a robust recovery if any discernible improvement at all. On a purely anecdotal basis, I will say my neighbor's home to the east has been on the market a year, and it is a large lovely home complete with three acre or more yard, a commercial kitchen, and a metal workshop for a seemingly reasonable price. On the west side of our home, one house away, a gorgeous updated home has been on the market three years. In the US in any other era of modern times except the Great Depression, in 37205, the most desired zip code in Nashville, these moderately priced, magnificent properties would have sold like hotcakes, but they have sat empty now through large portions of the Obama resurgence- or wait, maybe there has not been any real measurable progress in ending the US recession- merely some manipulated numbers to make a flagging administration look good.