Fast Facts

Here’s Why Housing “Recovery” Not As It Appears

New Home Sales $200-$399K and Median Household Incomes - Click to enlarge

“Pace of U.S. New Home Sales Slows in May” was the Wall Street Journal’s headline on the Census Bureau’s report released last week. But the body of the article had an entirely different tone, exemplified by “Broadly, other data show the housing market as a bright spot in an otherwise choppy economy.” Apparently everything is just peachy in the US…

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