Thursday, March 1, 2012

Chart: All the Housing "Recovery" Government Intervention Did Not Buy

The chart, below, comes from The "Housing Recovery" In One Index.  The chart's publication is coincident with the National Foreclosure Fraud Settlement, which will ultimately have little impact on housing.  See also Robert Shiller's A Bottom?  What Are They Thinking?  And Robert Reich lays out the crush housing is having on the middle class.

All of this is coincident with the release of the latest Case Shiller Home Price Index, which shows all 3 indexes at  new post-Bubble lows.  Click on image for larger version.

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