Topic: Stan Humphries
Looking at rising stocks, it's easy to think that the economy's recovering. But the facts simply don't support such a fantasy.
After a brief run-up, prices of new and existing homes are falling again.
Only 30 percent of foreclosed homes are currently on the market nationwide. Could the backlog of hundreds of thousands of empty or rented homes swamp recovery?
In many metro areas, far-flung suburbs and exurbs face sharp declines in home prices.