Wednesday, February 28, 2007

Yahoo! - "The Housing Market Puzzle" (2-22-07)

"Prices are falling slowly. But no sign of a dangerous pop. What's the outlook for the rest of 2007? The worst may be behind the battered housing market, but that doesn't mean it will bounce back soon. Reports released last week showed that housing starts, home sales and median home prices continued to fall. But so far there is no sign of a housing bubble popping, with prices collapsing in major markets, as some feared. There remain pockets of price appreciation across the U.S., even in the Northeast."

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