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Home Publications Blogs Beat the Press The Housing Market is Recovering

The Housing Market is Recovering

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Thursday, 28 June 2012 05:00
Good piece by Binyamin Appelbaum in the NYT. It's surprising that the positive data in recent months has not gotten more attention after so many previous false starts made the front page. Here's my take.
Comments (3)Add Comment
What Happened to Regulation and Uncertainty?
written by Last Mover, June 28, 2012 8:00
This is just another trick to derail Romney's message that regulatory uncertainty is holding back the economy, including the housing market.

Now Romney will be forced to say the housing market is coming back due to Obamacare because it makes houses more expensive and therefore more attractive as an investment asset compared a mere consumption item.

This is no way to treat your fellow politician. The embarrassment of inconsistency is a private matter not to be paraded around in the public square of shopping malls rescued by Bain Capital.
The influx of investors is a major reason that the market is looking stronger.
written by Bill H, June 28, 2012 9:43
That is a quote from the NYT piece, and it is why the whole "real estate recovery" thing is a mirage. Interest rates are in the toilet and the investor class is desperate to put its money somewhere, anywhere, with any kind of possibility for return at reasonable risk. CBS added that a significant portion was foreign investment using American property as a harbor due the their economies collapsing or about to collapse.

Robert Shiller, of Case-Shiller publishing the index, said "If these numbers persist for the next twelve months then I will begin to become optimistic." That's a long way from the hyperbole that "pure economists" are parading today.
future of housing
written by freebird, June 28, 2012 12:55
Hopefully we're 20 years behind Norway rather than Japan--
http://www.theatlantic.com/bus...on/259020/

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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