It is, however, potentially a key investor sentiment driver, looking forward.
Housing got a lot of negative attention when it was weak, and many feared the U.S. economy couldn't improve meaningfully after 2008 without a strong housing rebound. But now that it's in a legitimate and seemingly sustained rebound, it's not getting an equal amount of positive attention. Instead, many have characterized the rebound as illusory, describing markets with words like "frothy," rather than the real product of rising demand and tight supply.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.