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US: Broad economic changes find a home

Posted on 26 June 2012

“Blink, and you’ll miss it.” That isn’t a phrase associated with the lumbering housing market. And with so many pundits still wiping egg off their faces from prematurely calling a housing bottom in recent years, there is no rush to over-interpret blips in indicators such as the S&P/Case-Shiller Home Price index.
Although the last reading of Case-Shiller’s gauge of prices for 20 cities was flat against a month earlier and down 2.6% year over year, it may be missing a robust turn in housing. That could continue when the indexes are updated Tuesday………………………………………..Full Article: Source


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