Housing market stabilizing? In the economic news, more signs of the stabilization I’ve been talking about for the last few weeks, especially in the housing market, following last week’s pickup in housing starts (the term of art for when builders begin constructing new houses). Sales of existing houses, which are the lion’s share of the market, rose by 5% in February, the strongest monthly gain in almost six years. The rate of decline in prices also slowed. But the way that’s phrased is a reminder that the market remains very depressed. Prices… Read More