Has U.S. housing recovery slipped?

Several reliable sources indicate that we could be in for trouble -- but are they right?
  • Fannie Mae, Seeking Alpha and First American Financial Corp. recently released data indicating that the housing market is slipping.
  • The FHFA, Black Knight and ECRI show the market as stable -- not improving, but not slipping.
  • Housing stats have been on a stable up-slope for years, but this evident flattening wobble bears careful watching.

Sometimes I mention “suspicious data” on the way to blowing up the source or the analysis, but this time the sources are all okay and point in a similar direction: The U.S. housing recovery has slipped. One way to explain the housing pattern: Sales are suppressed in localities with good economies because of limited inventory.