Housing Finds Its Footing
In January 2012, the 20-City Composite S&P Case-Shiller Seasonally Adjusted Home Price Index reached a level that the housing market had not seen since January 2003. From January 2003 to April 2006 (39 months), home prices rose by a total of 51% (13.6% annualized). Over the next 5 ½ yrs, lax lendin…
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