Poor S.C. home sales, an indication of Obama's struggling economy

Economy still staggering.
Has not recovered since late 2008. 

The volume of houses sold in the Greater Columbia Area  was down 5% in May compared to May 2013. It is the sixth time in the last seven months the number of homes sold has shown a decline.

Homes sales were down for the whole state, too. 

Most economic indicators have been down since Barack Obama was elected in late 2008. But states that have been more brazen in rejecting Obama policies, have fared a little better. 

The report, from the S.C. Realtors (SCR)  blamed a lack of growth in wages as a drag on home sales. Declining wages have been a staple of the Obama presidency. 

Better paying jobs, for a skilled workforce are needed to drive up homes sales numbers, according to the report.

While there has been small growth in private-sector employment, said the SCR, in the last four months, there is no indication if new jobs are full-time or part-time.

Another indicator going in a negative direction was Gross Domestic Product. The national GDP contracted in the first quarter of 2014. Obama Administration officials have referenced a “harsh winter” as the reason for the poor economic news.

Eliminating economic and political uncertainty are priorities that would help. The report did not say if that meant electing Conservatives, but since Democrat rule has been difficult on the economy logic dictates that Democrats could be in for a rough election season, and deservedly so. 

The news of declining sales comes after increases were reported for almost all of 2012 and 2013. But much of those sales were driven by discounted prices and a market filled with foreclosures.

Much of the low-priced inventory has been bought.