An article from the Online Journal quotes Henry Paulson:
Treasury Secretary Henry Paulson delivered an upbeat assessment of the slumping real estate market on Friday saying, “All the signs I look at” show “the housing market is at or near the bottom.”
Paulson added that the meltdown in subprime mortgages was not a “serious [...]
As you can imagine, as the mother of five, I know a fairy tale when I see one. Consequently I recognized this one right away from the Arizona Republic: [Hat tip M.R.!] It was entitled U.S. Housing Market Worsens as Valley Improves. Like all works of fantasy suited to the minds of children, I recognized [...]
The Marketwatch headline today? New-Home Sales Inch Higher in March:
Boosted by warmer weather in the Northeast and Midwest, sales of new homes increased by 2.6% in March to a seasonally adjusted annual rate of 858,000, the Commerce Department reported Wednesday.
That is of course month-over-month. Year-over-year, [YOY] sales are down 23.5%. According to the Commerce Department:
Sales [...]