| The U.S. housing market is no longer a basket case. Data from the S&P/Case-Shiller Home Price Indices show that average home prices in an assortment of American cities have been on the upswing, increasing by almost 7 percent across the country in 2012. Recent reports that sales of new single-family homes rose in March are proof points that “the housing market recovery remains on track.”
Nicolas P. Retsinas is a Senior Lecturer in Real Estate at Harvard Business School, Director Emeritus of Harvard University’s Joint Center for Housing Studies, and former Federal Housing Commissioner...............................................Full Article: Source
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