With all the debate over whether or not we are in a recession or whether or not the worst of the housing and credit crises is behind us, it may be best to ignore the talking heads and look at the data. Unfortunately the data is not good.
Tuesday we where hit with record poor housing numbers and a continued decline in consumer confidence. The S&P Case-Shiller Home Price Index for March showed “continued broad based declines in the prices of existing single family homes across the United States.”
