On Tuesday the media was once again celebrating a ho-hum "rebound" in the housing market.
“In another sign of a turnaround in the long-battered real estate market, average home prices rebounded in July to the same level as they were nine years ago.
The July reading matched levels last seen in summer 2003, when the market was rising toward its peak in 2006. The collapse of the market after that led to the financial crisis of 2008.” (CNN)
Unsaid--but implied--was that things are improving. At first glance the article would suggest...