David Stockman: Housing Boom Is Not Sustainable; Another Bubble Waiting To Burst

Ulli Market Commentary Contact

Many believe the robust housing data signals a long-term recovery in the struggling housing market and is a bright spot in the overall broader domestic economic recovery. The euphoria is not without a basis as data supplied by the National Association of Realtors show existing home sales in December shot up 12.8 percent over the same period in 2011 while …