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The 4.8% Q2 gain in Freddie Mac's House Price Index was the strongest print in 8 years, says...

The 4.8% Q2 gain in Freddie Mac's House Price Index was the strongest print in 8 years, says Chief Economist Frank Nothaft. He casts doubt on the claim of a massive "shadow inventory" set to be unleashed on the market, noting sharp declines in both excess-for-rent and excess-for-sale inventory. Also, national figures are obscuring true tightness in many local markets.
Comments (7)
  • and on que the obama business channel is calling another housing bottom or turn for the 100th time
    8 Aug 2012, 03:17 PM Reply Like
  • Way too focused on the political meaning...
    8 Aug 2012, 04:23 PM Reply Like
  • Do not buy these rumors: proceed with caution...(noted that not all markets are the same; some are spiking on panic buying "fire" and others will be in a recession for years)
    8 Aug 2012, 03:20 PM Reply Like
  • Freddie Mac what a bunch of money losing bums. Houisng is overrated driver of economic activity. building selling and flipping housing is not fundamentally sound economy. many houses have been withdrawn from the markets thinking that prices will just come back to hotair levels again. good luck with that thinking.
    8 Aug 2012, 04:10 PM Reply Like
  • It's nice the bottom may be at hand after losing 30-50%. Does that make you feel any better off?
    8 Aug 2012, 06:17 PM Reply Like
  • Not a chance..........
    8 Aug 2012, 07:04 PM Reply Like
  • Wow! Housing helps the economy by selling new homes that creates demand for building supply manufacterers and jobs created to help supply the homes to the consumers. Resale and new homes creates demand for furnishing, appliances and so on. Housing will always be a financial asset. It value was distorted by CDO packaging of non regulated investments that greed took over.
    9 Aug 2012, 04:01 AM Reply Like
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