Even if you don't follow housing closely, this is something to be aware of. Charts illustrate if you just want a quick overview. Housing seems to have bottomed and recovery is in progress. As Bill notes, the figures are through June and don't take into consideration the recent rise in mortgage rates. Latest reports are indicating that this is having an adverse effect on the recovery, along with stagnant incomes in a weak economic recovery and credit still relatively tight.
Calculated Risk
Comment on House Prices: Real Prices, Price-to-Rent Ratio, Cities
Bill McBride
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