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Don’t over-react to one month’s data on Housing

June 28th, 2012

Great News for Housing?

Many headlines ran yesterday trumpteting that Housing was on the rise and making a big rebound. While the April numbers were slightly better than those of the previous month they are still near their 2008-09 recessionary low points.

I wouldn’t get too excited and be calling a true bottom just yet.

housing-data-week-of-june-25-2012-source-nytimes-national-association-of-realtors-case-shiller

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