Housing Market OK to Weather an Economic Downturn


Posted To: MND NewsWire

Folks who follow real estate might be getting a little nervous. Since that category includes almost everyone who owns a home, wants to own a home, or makes money buying, selling, building, or furnishing a home, that could be a lot of edgy people. And not without reason. Ralph Mclaughlin points out in CoreLogic’s Insights blog that is seems lately as though the roof of the housing market might cave in. There has been a lot of volatility as of late. He cites as examples, a seven straight month decline in the S&P CoreLogic Case-Shiller Home Price Index , a whopping 12 percent plunge in new home at the end of last year, and rising inventories of available homes. Plus, the country is only six month’s short of the longest economic expansion in history. So, he says, “It is understandable why some…(read more)

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