Home prices are flat for second month in a row -- latimes.com: "Home prices were flat for the second month in a row, according to a closely watched national index, indicating that the nascent housing recovery may be losing some steam. Brisk sales fueled by low interest rates, inexpensive properties and a popular tax credit for first-time buyers helped bolster home prices this summer. Now many experts expect some of that activity to slow down."
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In other words, the "nascent housing recovery" never existed. Banks have been dumping their foreclosed properties and the feds are keeping interest rates very low and handing out borrowed money. That isn't a recovery.
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On a sort-of-related note, there's a discussion at The Atlantic on the benefits of owning vs. renting a home.
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