Reasons To Remain Wary About Housing

Over the summer, glimmers of improvement in housing proved to be one of the economy's bright spots. Home prices briefly ticked up after falling nonstop for three years. Even forecasters who were too optimistic about jobs were too pessimistic about housing.

Data from the summer is still coming in. In June, home prices were off 15.4% from the year before, according to the Case-Shiller index. On Tuesday, the latest update from the index showed the drop easing to 13.3%. On a month-to-month basis, prices were up 1.2%. But as summer turns to fall, here are eight reasons to remain worried about housing.