Housing prices are up, but supply is low. Is that good or bad for the economy?
At this point housing prices are the least of our economic problems. The looming student loan bubble, currently nearing a trillion dollars and up by $663 billion since 2003, is a far bigger threat to our economic stability. Compound this with the horrible job market that graduates are leaving school to enter and it is cause for concern. If we thought the housing bubble hurt, wait until this sucker pops.