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The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
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Counter-cyclical Urban Policy
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Be Your Own Counterfeiter
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Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
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Not Regretting the Pound
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Introducing the New Ford Squeeze
Apr 24 20099:47 am EDT
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Detroit Housing Datapoint of the Day
Greta Guest reports:
The median price on a house or condo sold in Detroit last month plummeted 57%, to $9,250, from $21,250 a year ago, according to figures released Monday by Realcomp, a multiple listing service based in Farmington Hills.
No, that's not a misprint:
"We are seeing that low end of the market sell quicker. If you have a $75,000 house in the city of Detroit, there are not a lot of buyers for it," Elsea said. "But if you have an $8,500 house, it sells very quickly."
I'd love this to be a pop-quiz question for the presidential candidates at their debate tonight: "What's the median sale price for houses and condos in Detroit?" It would give a good indication of how in-touch each of them is with the real travails of Middle America.
(Via Florida)
