As humans we seek a measure of control over our financial futures. One way we do this is through stories. Since the Great Recession of 2008 the abiding narrative about the economy is that, eventually, business conditions will return to “normal”. This is the story we have wanted to hear. This week we examine problems
We begin with an article summarizing sizeable increases in home prices reported by the S&P/Case-Shiller Index. Next, we summarize upbeat news in the Conference Board’s most recent Consumer Confidence Index®. We temper the good news with a report on the state of household finances following the recession. Finally, we present an Issue Brief that explains why housing is so important to the economy as a whole.