Jason's Blog November 30, 2012

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