U.S. home prices rose for a sixth straight month in July in the latest sign of a sustainable housing market recovery, while a jump in consumer confidence this month offered a harbinger that Americans are ready to loosen their spending.
Six years after its collapse, economists believe the housing market has turned a corner.
A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of Washington, August 21, 2012. President Barack Obama said on Monday the U.S. housing market was "beginning to tick up" but was still not where it needs to be.
Couldnt the same logic be attributed to fallling home prices.... When the median was falling due to foreclosures of lower priced homes? You can't have it both ways.
http://finance.yahoo.com/news/home-prices-consumer-confidence-gain-145737936.html
U.S. home prices rose for a sixth straight month in July in the latest sign of a sustainable housing market recovery, while a jump in consumer confidence this month offered a harbinger that Americans are ready to loosen their spending.
Six years after its collapse, economists believe the housing market has turned a corner.
#housing