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U.S.: Is the housing recovery for real?

Posted on 11 October 2012

According to most accounts, all signs are pointing to a real recovery taking hold in the nation’s housing market—shadow inventory is falling; housing starts are surging, and home prices are on track to post their first annual gain since 2006. Perhaps most important of all, the labor market outlook is improving.
But while most of the coverage of the housing market lately has been positive, it might also be exaggerated, according to a new report. “While we have seen many dramatic headlines touting the housing recovery over the past 3.5 years, these headlines and the analysts who author them have been overpredicting changes in the housing market,” Laurie Goodman of financial services firm Amherst Securities, wrote………………………………………..Full Article: Source


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