Submitted by lee, Feb 15, 2008 06:28

This is amazing! I cannot believe that Bernake is calling this a "sluggsih" market! This housing market is spiralling in a downward motion and has been some for quite some time now. Things are not appearing to be getting any better. Decreases rates isnt having the impact that was hoped for, Inventory is high, and homes are just not selling. What is going to be done to the economy back on track? We are in a serious real estate slump, yet Bernake calls it just "sluggsih". Unbelievable!

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