Let’s not panic over latest housing numbers

While the latest S& P Case-Shiller statistics are hardly cause for celebration, neither should they make us contemplate suicide.

I’d love to see a far more robust housing market, but perhaps not only because, as you might suspect, I’d love to be selling more property.  (Of course, I would.)

My chief concern is that poor housing numbers explain an important reason for our stubbornly sluggish economic recovery.

But let’s adopt a healthy perspective on the numbers, which are even worse adjusted for inflation than those reported by Case-Shiller: Continue reading