S&P/Case-Shiller Home Prices Fell 9.1% in December

Home prices fell 9.1% in December.  And with foreclosures adding to inventory glut, it is going to get even worse for housing.

This was the 12th monthly decline in a row for home prices.  Remember that the NAR thought housing was a good investment 12 months ago. 

PPI

The Producer Price Index increased 1%.  That's 12% YOY.  The fed is concerned with growth so let's raise the rates again.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ap5TcAZRl9kE&refer=home