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Housing permabears can no longer ignore the data: Home prices are up by the most in at least...

Housing permabears can no longer ignore the data: Home prices are up by the most in at least seven years. Among the many potential impacts: ~1M households regaining a positive equity position, and a meaningful decline in the number of newer mortgage delinquencies. The wealth effect from housing is 10x more than Bernanke's attempts to pump up the stock market, Josh Brown writes.
Comments (4)
  • The govt needs to butt out. Market forces will allow housing recovery in due time.
    8 Aug 2012, 06:51 PM Reply Like
  • Barry Ritholtz is still bearish ?
    8 Aug 2012, 08:44 PM Reply Like
  • Most people still don't know that the low house prices they have all heard about also apply to them. We are still in the denial phase.
    8 Aug 2012, 08:45 PM Reply Like
  • In Southern Cal, they've never been lower. So maybe prices are higher in non-bubble states/regions.

     

    It's just propaganda primarily, just like in 2010, 2011, and now 2012. In those previous years, a housing recovery was touted just as strongly.
    8 Aug 2012, 09:18 PM Reply Like
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