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Many experts argue that the U.S. housing market has turned the corner. Some – like Wharton professor Jeremy Siegel – have argued that it’s one of the few bright spots that will drive economic growth.But is the housing recovery all that certain? The Fed’s decision to purchase $40 billion of agency MBS a month certainly suggests that it isn’t as confident as housing bulls would have us believe.
And some markets – like Illinois, New York, and much of the Northeast United States – are getting worse.
We put together 14 charts that highlight the many nagging doubts that are still out there about the much-touted housing recovery.
Note: Special thanks to Keith Jurow, author of Minyanville.com’s Housing Market Report, for contributing charts and data to the piece. You can read Jurow’s articles on Business Insider here.