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Another housing bubble? Recovery shows dangerous signs

Posted on 07 February 2013

It’s impossible to ignore the increasingly loud cheers: The housing recovery is in full swing! Just on Monday, CoreLogic reported that home prices increased more than 8 percent year-over-year in December — the largest gain in six years, when the boom was at its height.
Home sales recently have been the strongest we’ve seen in a long time (though they are expected to temper in January due to a normal winter slowdown). All of that sounds great, but here’s the problem: It seems to be mostly smoke and mirrors………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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