Housing Markets on the Mend

2nd paragraph: But as the year draws to a close, month-over-month data isn't always the best barometer of individual housing market performance. And while annual numbers overall slid more than 3 percent, 14 of the 20 markets tracked saw their annual rates of change improve.

Ahhhh! We are not roaring down the highway of financial destruction at 100 mph, now we are going 90 mph ... therefore we are in a housing recovery. That is faulty logic.

The truth is that it might take another 3-5 years to hit bottom.

Mary Waterton of CA 2:20PM December 28, 2011