Real estate price go up-US !?

I fail to understand.people are losing jobs,have no money for healthcare, finanacial intitutions are going bankrupt-real estate price going up!If there is no money how do prices go up?Or is it people have money and more job opportunies are available?Are both statements true?If so what is Keynesian Economics?Price rise -good for economy or not?Story:
NEW YORK — Home prices rise for the third straight month in August, signaling a housing recovery is taking hold. The Standard & Poor’s/Case-Shiller home price index of 20 major cities released Tuesday rose 1 percent from July to a seasonally adjusted reading of 144.5. While prices are down 11.4 percent from August a year ago, the annual declines have slowed since February
http://www.google.com/hostednews/ap/article/ALeqM5g8-DEMtAE9q4i4ySQ0eV_qZefmRQD9BJF94G0

Comments

Leave a Reply

More posts

Discover more from Ramanisblog

Subscribe now to keep reading and get access to the full archive.

Continue reading