By Christine Romans
The housing headlines are hot. Best new home sales in five years. The worst is over in foreclosures. Mortgage rates ticking up but still a full two percentage points below the post-World War II average. Real estate appraiser Jonathan Miller calls it “happy housing headlines.” A deeper dive, shows a broad but shallow recovery, a recovery focused on players who have money, good credit and are willing to take risks in bubble zip codes that popped. These three charts tell that story.