Housing market defies gloomy forecasts
Some good news on housing figures with the housing market not flattening or plunging in the second quarter.
To the shock of many, house prices registered the biggest price leap in 26 years, says a report released Thursday by the Office of Federal Housing Enterprise Oversight. House prices rose 13.43% nationally between the end of the second quarter of 2004 to the same time this year. Many observers had been predicting that the housing market was inflated to the point of either bursting or at least politely deflating
