Bill McBride writes, If I’m correct about house prices bottoming earlier this year – and the CoreLogic report released this morning is another indicator that prices might be increasing a little – a key question is: What will be the economic impact of slightly increasing house prices?
It is a great question, and you’ll find his answers here.
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Maybe I’m just ignorant, but do people really purchase $60,000-120,000 products on a hunch that things *might be bottoming?
Most don’t.