Thursday, July 12, 2012

Yes, The U.S. Housing Bust Is Over

Yes, The U.S. Housing Bust Is Over
Housing Passes a Milestone
The housing market has turned—at last.

The U.S. finally has moved beyond attention-grabbing predictions from housing 'experts' that housing is bottoming. The numbers are now convincing.

Nearly seven years after the housing bubble burst, most indexes of house prices are bending up. 'We finally saw some rising home prices,' S&P's David Blitzer said a few weeks ago as he reported the first monthly increase in the slow-moving S&P/Case-Shiller house-price data after seven months of declines. read more

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