housing prices

How’s that Housing Stimulus Working Out for You?

Yesterday Case-Shiller released their monthly housing price index.  Surprise, it fell by 4.2% in the first quarter of 2011.  I’ve been predicting a decline of about 6% over the course of 2011 (might need to adjust that).  Of course, this should come as no surprise.  We’ve spent the last couple of years trying to re-create the bubble, with little success.  While there’s been a home-buyer tax credit, the largest stimulus has been extremely cheap c

Rise of an Imperial City, Cont’d

From time to time my colleague David Boaz posts about the many ongoing ways in which the economy of Washington, D.C. continues to outpace that of the rest of the country, thanks to a well-paid and layoff-resistant workforce of federal employees and contractors, a thriving lobbying sector, and so forth. Thus David noted this week that the Washington, D.C.

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