Finally: Some Good RE News!
By: Myles, July 31st, 2008
Is there finally some positive real estate news to report on? Looks like it. As we drill down on the raw data, and move away from a macro view, there just maybe activity that is starting to turn positive.
As reported in The Mortgage Reports, for the third straight month, at least 15 of the nation’s 20 largest real estate markets showed relative monthly improvement in May 2008, according to the S&P/Case-Shiller Home Price Index.
Instead of pulling the positives out from the data, newspapers are highlighting the year-over-year, cliff-diving-like decline in prices. Lets take a look at the facts …..
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