There Goes The “Housing Recovery”: Record Few Americans Think “Now Is A Good Time To Buy A Home”
by Tyler Durden
ZeroHedge.com
09/08/2014
When one thinks “recovery”, some of the images envisioned include a healthy labor market (not one saturated by part-time, low wage jobs), rising earnings (not wages that have stagnated for years and in real terms are at Lehman levels) and a vibrant housing market in which new home buyers enter with confidence, and where mortgage loans are abundant and available to qualified creditors. One certainly does not imagine a housing “market” dominated by Chinese, Russian and Arab monely-laundering oligarchs, where half of all transactions are “all cash”, and where, as Fannie Mae just reported, the number of Americans who said “now is a good time to buy a home” plunging to 64% – the lowest print in survey history!
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