Patt Morrison

<em>Patt Morrison</em> is known for its innovative discussions of local politics and culture, as well as its presentation of the effects of national and world news on Southern California. Hosted by

A housing market in conflict: making sense of contradictory housing numbers

by Patt Morrison

18436 full
A housing market in conflict: making sense of contradictory housing numbers Getty Images

On Monday numbers were released on U.S. existing-home sales, showing that they’ve surged about 25% from January through September of this year—good news, right? On Wednesday new-home sales figures will be released, and they’re expected to continue to drop (the Commerce Dept. already announced that new-home construction sank 10.6% in October)—bad news, right? Throw in generally stabilizing home prices mixed with an expected jump in foreclosures and we have one seriously clouded picture of the U.S. housing market. What, if anything, can we make from the numbers?

Guests:

Richard Green, director & chair of the USC Lusk Center for Real Estate

blog comments powered by Disqus

Enjoy Patt Morrison? Try KPCC’s other programs.

What's popular now on KPCC