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Mar 27, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: What does a housing recovery even look like?

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
What does a housing recovery even look like?
Mar 27th 2012, 17:45

Everyone can agree that the housing market hasn't fully recovered yet. But the mixed signals from the sector have made it much harder to tell how far we've come--and how far we still have to go.

On the one hand, demand is still weak: mortgage applications are down, housing prices have continued to fall, and rising foreclosures could depress them even further. On the other hand, single-family home construction is no longer in free fall, delinquencies are down, and residential real-estate investment -- including new home building and renovations -- has picked up for the first time in years.

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