Tag: Commerce Department

Home Prices in U.S. Fell 6.1% in October, More Than Estimated, Survey Says

Case-Shiller and Commerce Department reports in sync:

Property values fell 6.1 percent from October 2006, more than forecast, after dropping 4.9 percent in September, according to the S&P/Case-Shiller home-price index. The decrease was the biggest since the group started keeping year-over-year records in 2001. The index has fallen every month this year…

Figures this week from the Commerce Department may show new homes sold at an annual rate of 718,000 in November, down from October’s 728,000 rate, based on the median estimate of economists surveyed by Bloomberg News.

My guess is the next National Association of Realtors propaganda release will dispute this, noting something along the lines of “homes were the most popular holiday gift this year”.

UPDATE: November fares worse.

UPDATE 2: My guess was correct – the NAR “propa-gates” – the “market is now stabilizing.”

Commerce Department hacked again

The Chinese are to blame.

I wonder why the Chinese would want to hack our COMMERCE department? The Defense Department, maybe. The FDA, could be. The Dept. of the Treasury, sure. But the Commerce Department?

Maybe they are tired of their jobs, or maybe they just are hacking using all those Commerce Department laptops and the government just thinks they are getting hacked.

US Commerce Department doing laptop giveaway

They just didn’t know it.

More than 1,100 laptops have gone missing from the governmental body that keeps our economy humming. Inventory gone with the wind dates back to 2001, including a whole bunch of machines from the Census Bureau (containing names and social security numbers too).