Housing Market: Not Dead Yet

Posted by: Nate Berg

11 August 2009 - 8:00am

The housing crisis may be coming to an end, according to some nationwide indexes. And though prices are likely to continue to fall for about a year, some homebuilders are un-pausing their projects and moving forward.

"[T]here are signs in some places that we are nearing an end to the downward spiral that reduced house prices 32% nationwide and, according to the Mortgage Bankers Association, erased $3.5 trillion worth of home equity. New-home sales are ticking up, and for the first time in three years, the S&P/Case-Shiller home-price index, which tracks changes in home prices in 20 U.S. cities, has shown a monthly gain."

Builders now report focusing more on efficiency rather than volume.

Full Story: How the Housing Market Is Fighting Its Way Back

Source: Time, August 10, 2009