real estate
March 01, 2013
The Ongoing and Hugely Risky Bailout of the Housing Market
Why the next housing crisis could be worse than the last one
After a long and wrenching plunge, the housing sector has finally bottomed out and seems to be recovering. According to the latest S&P/Case-Shiller index, home prices rose in nearly every metropolitan area during 2012 and turned in a solid gain of 7 percent nationally. Celebration would be premature, however. The human cost of the housing crash has been fearful. READ MORE >>
Related Links: Steven Levitt's response to Scheiber's argument, and Scheiber's response to Levitt. READ MORE >>
