Nov. 4 (Bloomberg) -- It’s almost six years since the air
started to leak, then gush, out of the U.S. housing market, and
the best one can say is that residential real estate is bouncing
along the bottom.
Almost every housing indicator, from starts to sales to
prices, has been flat-lining for three years. Various government
initiatives, including a first-time-homebuyer tax credit, gave
home sales a temporary boost in 2009 and 2010. But just as water
seeks its own level, home prices are still seeking theirs.