As I don’t own a home and prices coming down helps me afford one, I can’t believe I’m going to say the follow – House prices need to go up!
The S&P/Case-Shiller 20-city index (mostly regarded as the most accurate gauge of the housing market) fell 18.2% from a year earlier. This is the most since it began in 2001, and means that everyone’s perceived net worth  is sinking faster than you can say “Oh no”.
In order for the whole economy to turn up, housing prices have to improve. If it keeps dropping like a rock, banks  will be hesitate to lend and businesses will suffer. This will in turn just cause further layoffs, something none of us want.
Investing and Personal Finance Articles
- If you are looking for something safe, then check out my HSBC Direct Online Bank Review .
- The Smarter Wallet warns us 5 stock sectors to avoid in a recession .
- Oblivious Investor urges us to be more precise when we talk about risk . Well said!
- ABCs explain what everyone means when they say “chasing investment returns “. One advice – Don’t do it.
- Moolanomy explains what an Inverse ETF  is. A great read if you want to learn more about these evil vehicles.