May 12, 2010 | Recent reports on housing starts, new home sales and housing prices show that the housing recovery continues.
The housing crash is the single most important factor that started this recession, so it would be nice to know when it will end.
Although the housing inventory exceeded the demand in 2007 and 2008, we have known for a while that the fundamental supply and demand ingredients would permit a genuine housing recovery to begin in 2009. As demand caught up, housing prices stopped falling and stabilized at more normal levels.
Read the full article on the NY Time Business Blog here.