"The economy is growing but not enough to make most Americans happy. At this weak pace, it will take more time than many hoped for people to really feel the benefits of this upturn," said Joel Naroff, president of Naroff Economic Advisors.
Recovery loses speed as consumers turn cautious →
"With inventories still way out of line, unless prices fall a lot more, the housing market will not turn around any time soon," said Joel Naroff, chief economist at Naroff Economic Advisors.
Fewer existing homes selling →