The state of housing is often quite different than picture painted by headline interpretations. The game of perception often suggests that the worse is over in the real estate market. It is not. New home sales continue to contract as supply swamps demand. The sharp and steady decline real or currency adjusted prices reflects cycle weakness that will take decades to overcome.
More analysis: edegrootinsights.blogspot.com
There might finally be some good news this year about the nation's dismal housing market. Or, at least, the bad news could stop.
Either way, it will be welcome relief for current homeowners as well as for potential real-estate investors. Reasons to be optimistic have been sadly lacking since the housing bubble burst in 2006.
For sure, last week we learned the widely watched S&P/Case-Shiller home-price index fell 1% in December, its fifth straight decline. The index tracks 20 major markets.
Source: finance.yahoo.com
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