What’s Really Driving The Housing Recovery?

"Six years since the start of the greatest housing collapse since the Great Depression, one doesn't have to look very far to see signs of a recovery. Nationally, home prices are rising after more than a 30% drop since mid-2006. More good news arrived Tuesday, as the Standard & Poor's/Case-Shiller home price index reported third quarter prices were up 3.6% from a year ago and September's 20-city index reached its highest level in two years. Foreclosures have slowed in most of the country after having decimated hundreds of U.S. cities. Rather than being a drag on the U.S. economy, housing is now seen as a contributor to growth."

Read more: http://www.streettalklive.com/daily-x-change/1351-housing-what-has-been-forgotten.html#ixzz2DgRxIujN

http://bit.ly/11nC21q

Posted on November 30, 2012 at 6:16 am
Jason Cook | Category: Jason's Blog | Tagged ,

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