Housing Starts Data Much Better Than The Headlines Would Have You Believe
Newspaper stories can be misleading sometimes -- especially with respect to real estate. We saw a terrific example of this Wednesday.
Newspaper stories can be misleading sometimes -- especially with respect to real estate. We saw a terrific example of this Wednesday.
Contrary to what you may have read (or heard), the federal home buyer tax credit has not been extended past June 30, 2010. At least not yet.
Sometimes, headlines for housing can be misleading and this week gave us a terrific example. On Wednesday, the Commerce Department released its Housing Starts data for January 2010. The data showed starts at a 6-month high. The real story is something different.