THE HIGH COST OF NATIVIST HYSTERIA:

US housing sales increase in July (BBC, 8/25/08)

Sales of previously owned homes in the US rose 3.1% in July, as buyers took advantage of falling prices in the wake of the housing slowdown.

Sales climbed to a seasonally adjusted annual rate of 5 million units, said the National Association of Realtors.

Given the likelihood of immigration amnesty by early next, the housing market is poised for a boom and the next president for an easy couple of years economically.

Posted by Orrin Judd at August 25, 2008 11:30 AM