WSJ: “The U.S. Housing Bust Is Over”

News Unplugged

Want some good economic news? Sure you do. Here it is: the nation’s long housing bust has ended, according to The Wall Street Journal. In its story “The U.S. Housing Bust Is Over”, the WSJ says: “The housing market has turned–at last …. the numbers are now convincing.”

The WSJ reports that home prices are slowly rising, there’s an increase in sales of existing single-family homes, and housing starts are improving. And the WSJ concludes:

From here on, housing is unlikely to drag the U.S. economy down further. It will instead reflect the strength or weakness of the overall economy: The more jobs, the more confident Americans are about keeping their jobs, the more they are willing to buy houses.

But the WSJ adds if the market is flooded with the large inventory of unsold homes that are currently underwater or facing foreclosure, it “could reverse the recent rise…

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Published in: on July 11, 2012 at 9:22 pm  Leave a Comment  
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How You Can Fix the Housing Crisis—At Least in Your Own Home

Published in: on March 7, 2012 at 2:23 pm  Leave a Comment  
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Here’s to a financial increase in 2012

Looking good ….

Sue Tells Em!

The number of housing markets showing measurable improvement expanded by 29 metros in February to include a total of 98 markets listed on the Improving Markets Index published monthly by First American and the National Association of Home Builders (NAHB). Thirty-six states are now represented by at least one market on the list.

The index tracks those housing markets that are showing signs of improvement in overall economic health, based on growth in employment, home price appreciation, and increases in single-family housing permits. The index identifies metropolitan areas that have shown improvement in each of these three areas for at least six consecutive months.

The 29 metros added to the index in February include:
Napa, California
Deltona, Florida
Miami, Florida
North Port, Florida
Tampa, Florida
Augusta, Georgia
Shreveport, Louisiana
Boston, Massachusetts
Springfield, Massachusetts
Cumberland, Maryland
Lewiston, Maine
Detroit, Michigan
Duluth, Minnesota
Rochester, Minnesota
Jefferson City, Missouri
Kansas City, Missouri

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Published in: on February 15, 2012 at 11:11 am  Leave a Comment  
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