patrick.net

http://pragcap.com/more-on-that-housing-recovery

I don’t intend to rain on the economic parade. I’ve been saying we’d avoid a recession in 2012 for a long time now and the fact that housing stopped bleeding has played a big role in that call, but let’s not go crazy and start declaring victory in the real estate market when the evidence very clearly shows that real estate remains mired in a deep slump. It’s great that there are signs of life and it’s stopped collapsing, but let’s maintain some perspective here as well.

#housing