Back in 1993, with a Democrat in the White House, here’s how a low home prices were portrayed in the media:

What’s more, the combination of stagnant house prices and low mortgage rates (recently 7.95% for 30-year fixed-rate and 5.05% for annually adjustable loans) has made homes more affordable than at any time since 1978, when another southern Democrat, Jimmy Carter, sat in the Oval Office…

Today’s steady housing markets, however, offer excellent opportunities in most places for buyers to snag affordable homes…

But fast forward to 2007, and a Republican President, and suddenly affordable housing is a “crisis“:

Prices of existing U.S. single-family homes recorded their biggest annual drop in October, suggesting the housing slump is far from over, a national home price gauge released on Wednesday showed… “No matter how you look at these data, it is obvious that the current state of the single-family housing market remains grim,” said Robert Shiller, chief economist at MacroMarkets LLC, in a statement.

What media bias?

1. This goes hand in hand with the homeless crisis. When Clinton was president, there was very little homelessness reported. During the 2000 election, the homeless once again appeared and became an issue.

   Comment by SouthernRoots — 11:20 am
   

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