Thanks to the media pundits and agendicized politicians, fear seems to be the theme. Weather or not you believe we will experience a double dip, the numbers tell a different story. On a seasonally-adjusted basis, Case-Shiller's 20-city index was up three tenths of a percent -- the seventh consecutive monthly improvement in pricing. US Housing Starts have reached record lows, why is this bullish?
With less new development on the horizon the market will start to absorb what we call the resale. Inventory has creeped up recently, with housing start numbers lagging it will take a few months to factor in this level of improvement. All in all weather your in Hoboken, Jersey City or the tri state area, the numbers show a different story and as educated consumers we should recognize we are NOT heading into a great depression.