April's housing gains could signal a turn

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: June 26, 2012 - 9:51 PM

Twin Cities home prices that month rose nearly 4 percent from a year earlier. Experts greeted the news with cautious optimism.

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swatisedJun. 27, 1211:01 AM

compost the tea leaves, start bowling with the crystal ball, use the tarot cards to light your barbecue and put the quija board back in the kids room. Much like we didn't "officially" know we were in a recession until we had been in it for a year - we won't know we are back in a semi-normal-economy until we've been there for a year. Europe has to shake out. China has to shake out. Gas prices have to shake out. Syria/Iraq have to shake out. Canada oil-shale, US debt, the presidential election, SCOTUS a& Obamacare, banking assets adjustments against loans, ... all have to shake out. All these things will keep hitting... and ... those of us working sods need to pretty much accept them and continue the steady, cautious, day-by-day work. Make your payments, save and ... things will eventually be not so bad. But we won't be getting any 1990's boom-boom economy again. Get used to that.

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