Climbing Out of the Basement?

New data from the National Association of Realtors shows a “leap” in the sale of existing homes during July, according to this article in today’s New York Times. The NAR press release on the topic can be found here.

Meanwhile, Ben Bernanke thinks the U.S. Economy is ready to rebound, but this article, dealing with the “plight” of the very wealthy, suggests that the recovery may lead to less wealth inequity. Do the very wealthy even have basements?

Interesting morning of economic news, to say the least.

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