Wednesday, November 28, 2012

Balloons Pop Again

CBS Evening News had a fairly lengthy segment last night about recovery in the housing market. Sales up last month, it declaimed, and they provided interviews with people who sold their homes and brokers who have homes selling faster than IHOP sells pancakes.

Then we have this from Reuters today that "New single-family home sales fell slightly in October and the prior month's pace of sales was revised sharply lower," so CBS may have been just a bit premature with their celebration. Especially since Reuters goes on to say that the news is "casting a small shadow over what has been one of the brighter spots in the U.S. economy."

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