I was reading a very interesting article on one of my favorite research blogs, when I noticed a striking correlation between employment and housing prices that would seem to indicate that the housing market has “recovered”. However, as Bill Clinton might say, “this depends on your definition of “recovery”.”
Housing Recovery Stranger than Expected
February 25, 2012 by
On the back of Capital Economics’ observation that the U.S. housing market’s recovery is not quite as strong as previously thought and Freddie Mac’s positive market outlook, the escalating opinion of experts everywhere is that some odd things are happening in local metro markets.
