2012-11-01sovereignman.com

These are definitely good signs for housing. But remember, nothing goes up or down in a straight line. Just like a stock market that suffers a serious crash, housing has been due for an upward correction. But it is a false premise to conflate `rebound' with full blown `recovery'. The market could just as easily improve, then decline once again in a few months' time. Positive data is great, but doesn't necessarily portend long-term growth.


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