"It's worse"

"New data just out from Zillow, the real-estate information company, show house prices are falling at their fastest rate since the Lehman collapse."

"What a foolish boondoggle those tax breaks for home buyers have turned out to be. The government spent an estimated $22 billion between 2008 and 2010 on tax breaks to prop up the housing market. All it achieved was a brief suckers' rally that ended last summer."


http://finance.yahoo.com/banking-bud...d=bb-budgeting

Another success for the government.