In today’s New York Times, reporter David Streitfeld discovers that a number of others, including me, have been saying for months: Home prices and sales could continue to decline. The way the article is written would lead–and doubtless will lead–readers to believe that the sky is falling.
Yes, it’s undeniable that many variables could change the anemically recovering housing market. Among them are consumer confidence, unemployment rate, inflation, mortgage rates and a rise in the rate of foreclosures. Continue reading