Housing Improves on the Sly

What is going on with housing?

That is one of the bigger questions being debated among investors these days. Mortgage applications are falling, according to the Mortgage Bankers Association -- even though conventional mortgage rates are off recent highs, they remain roughly a percentage point higher than they were this time last year. New-home sales fell in February, and January's figure was revised lower, not higher. Meanwhile, according to data from S&P/Case-Shiller -- the composite index of home prices in 20 metropolitan areas -- prices are up 13.2% from a year earlier. The index reflects increases in both January and February....475 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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