Housing Recovery: It's Better Than the NYT Thinks

The NYT had an article that was far more hesitant about the housing recovery than is warranted by the data. In fact, house prices have pretty much stabilized at a normal level, as have existing home sales.

The problem is that the NYT still does not seem to understand that we had a housing bubble, at one point warning readers that:

"She [Michelle Meyer, an economist with Bank of America Merrill Lynch] expected home prices to rise 2 percent annually in 2012 and 2013, with momentum gradually in...