Just like in retail, where the big bargain stores are showing gains, only the low end of the housing market is moving. ... I spoke with Spencer Rascoff of Zillow.com today, who claims, "this is not a real recovery." Higher sales on one end of the market do not a full recovery make.
Saturday, August 22, 2009
Existing home sales are up, but...
From CNBC's Diana Olick: