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Housing-Market Recovery in U.S. Not "Resounding" Shiller says


By Patrick   Follow   Tue, 6 Nov 2012, 1:51pm PST   246 views   0 comments
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http://www.bloomberg.com/news/2012-11-06/housing-market-recovery-in-u-s-not-resounding-shiller-says.html?source=Patrick.net

S&P/Case- Shiller index of property values. There are positive signs, the problem is that its not a really strong positive sign yet, Shiller said in an interview on Bloomberg Televisions In the Loop with Betty Liu today. It is not a resounding recovery, he said. Americans bought new homes in September at the fastest pace in two years, indicating that the industry whose decline was at the heart of the recession is bouncing back. Sales climbed 5.7 percent to a 389,000 annual pace, the most since April 2010, following a revised 368,000 rate in August, figures from the Commerce Department...

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