ALERT: This housing "Recovery" all SMOKE and MIRRORS
the foreclosures have been on hold due to the paperwork debacle. Meanwhile the gov has been selling homes to hedge funds who artificially and temporarily boosted sales. THIS IS ADDITIONAL inventory in the form or rental units of fixed up homes which will add to massive inventory build over the next few months as banks release millions of homes to the foreclosure process. EVERYONE who WANTED and could afford a home has one with record low interest rates. Now interest rates are rising again and there is a large shift in sentiment to RENT not own as real estate is HARD TO SELL and will no longer gain in value as it is still overpriced due to FED actions to prop up their value to help Wall st Banksters !
So this is the peak for stocks like Zillow you won;t listen to what I am saying but you will remember I told you this the biggest bubble in world history is not going to be resolved in 5 years people.