Next Tuesday, January 31st, will see the next S&P/Case-Shiller Home Price Indices report with data for November 2011. Coming off some signs that the economy is strengthening combined with mixed reports on housing, attention will focus on home prices. Bullish sentiment will point to the preliminary 4th quarter GDP report released on Friday, January 25th. [...]
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Upbeat News
Good news on housing seems like an oxymoron to most people but today brought two examples. The front page of the Wall Street Journal carries a story, “Stunned Buyers Find the Bidding Wars on Back.” Yes, the Journal blames the competition on a supply shortage rather than excessive demand, but if there’s anything likely to [...]