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RentingForHalfTheCost
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2012 Feb 22, 4:14am
I had to laugh. At the end of that article we see.
"The housing market has been showing signs of recovery in recent months. ".
Huh? a 2% drop in medium price mth-mth and that shows signs of a recovery? If that pace continues we have 24% yr-yr depreciation. Some people just need to get slapped. If they meant a recovery in terms of more defaults, foreclosures, supply growing above 6 months again, abandoned houses, etc. , then I would agree. ;)
toothfairy
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2012 Feb 22, 7:49am
if you knew what median price meant you'd understand how it could be falling while the market is recovering
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If they are saying things went down 2% mth-mth then you can be sure it was actually around double that. And the story continues. Amazing how many people are still not aware of the slide.
http://money.cnn.com/2012/02/22/real_estate/home_sales/index.htm?iid=HP_LN