By Barry Ritholtz | Bloomberg News
For reasons I have yet to fully appreciate, there is a lot of confusion about the state of residential real estate in the U.S. Simply by looking at some of the data we can clear up a lot of the muddle.
The short explanation is that housing, along with the rest of the economy, has been recovering, albeit slowly. The longer explanation is regional, complex and bifurcated (just like the rest of the economy).
There are five elements to consider when assessing the state of housing in the U.S.:
