10.12.2012 - Is the housing recovery just an illusion created by the Federal Reserve?
Itís now conventional wisdom that the housing market ó once the anchor that sank the American economy ó is the ballast thatís keeping it afloat, however tenuously. The Case-Schiller index of home prices, released last week, showed a sixth straight month of year-over-year increases. Rising home prices buttress consumer demand as home prices are the single biggest source of the average consumerís wealth. In addition, a recent report on housing starts showed that more new buildings are being constructed than at any point since July of 2008, and a revitalized construction industry could do much to bring down unemployment and spur economic activity...............................................Full Article: Source
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