REASON.com by Anthony Randazzo
Anyone who says we are in the midst of a housing recovery is wrong.
We have not reached the bottom of the housing market. I hate to say it. I really do hate to always be the pessimist. And I don’t say this because I’ve been steeped in a couple decades' worth of bitterness as a Red Sox fan. The numbers are just not adding up to recovery.
It is all the rage these days to talk about how we are finally seeing recovery in the housing market, and that pretty soon we’ll be back to home price growth. Analysts point to the decline in housing inventory, lower rates of unemployment, higher rates of affordability, increases in housing starts, and even growing stock values for publicly traded homebuilders. MORE.......................
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