How Good Is the Housing News?
from NYT > Editorials
The housing market has shown signs of life recently, but prices are still falling. That means the market, and the broader economy, are not out of the woods by a long shot.
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The housing market has shown signs of life recently. Home sales have beat expectations and pending sales neared a two-year high. But prices — the crucial measure of housing-market health — are still falling, driven down by increasing levels of distressed sales of foreclosed properties. That means the market, and the broader economy, which derives much of its strength from housing, are not out of the woods — not by a long shot.
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The housing market has shown signs of life recently, but prices are still falling. That means the market, and the broader economy, are not out of the woods by a long shot.
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