Recovery Signs in Housing Market Stir Some Hope
By DAVID STREITFELD
NYT
After a plunge lasting three years, houses have finally become cheap enough to lure buyers. That, in turn, is stabilizing prices, generating hope that the real estate market is beginning to recover.
Eight cities, including Chicago, Cleveland, Denver and San Francisco, showed price increases in May, up from four in April and one in March, according to data released Tuesday. Two other cities, Charlotte, N.C., and New York, were flat.
For the first time since early 2007, a composite index of 20 major cities was virtually flat, instead of down.
“We’ve found the bottom,” said Mark Fleming, chief economist for First American CoreLogic, a data firm.
(More here.)
NYT
After a plunge lasting three years, houses have finally become cheap enough to lure buyers. That, in turn, is stabilizing prices, generating hope that the real estate market is beginning to recover.
Eight cities, including Chicago, Cleveland, Denver and San Francisco, showed price increases in May, up from four in April and one in March, according to data released Tuesday. Two other cities, Charlotte, N.C., and New York, were flat.
For the first time since early 2007, a composite index of 20 major cities was virtually flat, instead of down.
“We’ve found the bottom,” said Mark Fleming, chief economist for First American CoreLogic, a data firm.
(More here.)
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1 Comments:
No mystery cooked books.. Audit FED
http://www.census.gov/const/www/newressa...
The only number that looks statically significant is or sale at end of period -4.1% +- 1.2% (looks like could have been pulled from market but expect foreclosure/BK issues)
Call it propaganda or just media lies. Feel free to post..
united states
June/May 2009 11.0%
90% Confidence ± 13.2
Northeast
June/May 2009 29.2%
90% Confidence ± 112.4
Midwest
June/May 2009 43.1%
90% Confidence ± 57.5
South
June/May 2009 -5.3%
90% Confidence ± 15.5
West
June/May 2009 22.6%
90% Confidence ± 29.9
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