UP OR DOWN - GOOD OR BAD - DEPENDS ON HOW YOU LOOK AT IT

Robert J. Samuelson, Op-Ed Columnist for the Washington Post, writes a good summary of the recent Moody's article evaluating the national housing market. He points out the George Washington University economist Richard Green's view that higher home prices are permanent and reflect lower long-term interest rates and that growing confidence in low inflation has been the muse in the gradual reduction of long-term rates. Jump here for Samuelson's full story.