Anthony Randazzo on the Real Estate Non-Recovery

After years of housing pain, many Americans are hoping we have reached the bottom of the housing market, with historically low mortgage interest rates and high housing “affordability” metrics providing some cause for optimism. But Anthony Randazzo looks at the four best signs of a recovery and finds them all lacking. A recent surge in housing doesn't appear to be sustainable, and by the most important measures—foreclosures being worked out, negative equity cleared away, and prices stabilizing—we still do not have a housing recovery.


Get Reason's print or digital edition before it’s posted online

  • Video Game Nation: How gaming is making America freer – and more fun.
  • Matt Welch: How the left turned against free speech.
  • Nothing Left to Cut? Congress can’t live within their means.
  • And much more.