Housing Market Stumbles, Can Economy Soar?

As the housing market stumbles, can the economy continue to rise?
As the housing market stumbles, can the economy continue to rise?

An unstable housing market may have plunged the U.S. economy into a tailspin, but according to Steve Goldstein at MarketWatch, the recovery may no longer be dependent on the health of the real estate market. Are we seeing, for the first time, a departure from the kind of rhetoric that defined the American Dream? Has the value of homeownership been irrevocably tarnished by the recession? Can the economy recover -- independent of home values?

The latest consumer confidence numbers seem to suggest so. But can the economy ever truly soar without a healthy housing market?


Read on to find out.