Getting the Story Exactly Wrong on Housing - The American Spectator | USA News and Politics
Getting the Story Exactly Wrong on Housing
by

The AP’s story on housing prices is 180 degrees from where it needs to be: 

The number of buyers who signed contracts to purchase homes dropped in May to the lowest level on record, a sign the housing recovery can’t survive without government incentives. 

No, home prices dropped to a record low because of government incentives. The AP’s ignorance here is shocking. Let me just reproduce the graph: 

The home buyer’s tax credit expired in April, which created a government incentive for people to shift their home purchases ahead of schedule. 

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://spectatorworld.com/.

Be a Free Market Loving Patriot. Subscribe Today!