Housing Market Recovery May Be Short-Lived

From RealTrends.com: Four years after the depths of the financial crisis — caused by a bursting housing bubble — the housing market looks like it is back on its feet. The National Association of Realtors® recently reported that the median home in the U.S. sold for 13.7% more than a year ago to $213,500. Sales are up, prices are up, and inventories are down, all great signs for the housing market. The positive data has helped investor confidence and as one of the bright spots of the economy has helped push the Dow Jones Industrial Average and S&P 500 higher this year. Improving data should help drive housing and stock markets over the next year as well… or will it?