There was good news and bad news for America's housing market. Sales of existing homes rose to an annual rate of 6.46m in January, the highest level for seven months. But after increasing in December, the median price of an existing home fell by nearly 5%, to $210,600. Separate data for the smaller market in new homes showed that sales plunged in January by 16.6%, to an annual rate of 937,000--the biggest drop in 13 years.
So it's not, in my opinion, as bad as is sometimes feared, given all the hype in the press. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin