There is one underlying fact about housing data, and that is the reporting is done by those with a specific agenda. When two analysts read the same data, and come up with entirely different conclusions, then either no prediction is possible, or one of those two analysts must work for the government.
With this being said, the truth is, housing prices and opportunities for Americans is not improving, but in fact, is decreasing. A new chart shows that more people are renting rather than owning homes in 2012 than they did just a decade ago, and before the bursting of the housing bubble.
Unfortunately, the Federal Reserve and the Treasury place too much stock in home ownership, consumer spending, and the stock markets rather than focus on actual production, job growth, and exports. The economy will continue to decline because the American people have not recovered from the failures of the banks in 2008, and housing will be a dream left in the past unless fundamental changes are made which clear out the debts of this recession. Without this deleveraging of debts, the system cannot provide Americans the chance to own a home for years to come.